According to ChainCatcher, citing Beincrypto, U.S. House Financial Services Committee Chairman French Hill rejected a proposal that would allow stablecoin interest payments, despite Coinbase CEO Brian Armstrong's public call for support of the policy just yesterday. Hill stated that there is no bipartisan consensus on this matter. As a key figure in stablecoin regulation, Hill's swift response highlights that despite Armstrong's growing political influence, the crypto industry remains an emerging force in traditional legislative bodies.
U.S. House Financial Services Committee Chairman Rejects Coinbase CEO's Interest-Paying Stablecoin Proposal
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