Wu Blockchain (@WuBlockchain): House Financial Services Committee Chair French Hill rejected Coinbase CEO Brian Armstrong’s call to allow interest-bearing stablecoins, stating that…
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House Financial Services Committee Chair French Hill rejected Coinbase CEO Brian Armstrong’s call to allow interest-bearing stablecoins, stating that the legislative consensus views stablecoins as payment tools to improve efficiency, not as investment products. He added that there is no agreement in Congress to permit stablecoins to offer yield to holders. decrypt.co/312692/top-law…