ChainCatcher news, according to Crypto in America, MoonPay CEO Ivan Soto-Wright wrote a letter to the U.S. Senate Banking Committee and House Financial Services Committee on April 18, 2025, supporting the state banking supervisors conference (CSBS) proposed stablecoin legislative amendment.
Soto-Wright called for maintaining a balance between state and federal regulation, warning that the current bill may be overly tilted towards federal regulation. As a company holding remittance licenses in 46 states and serving over 30 million users, MoonPay emphasized the importance of existing state-level regulatory frameworks.
Meanwhile, crypto exchange Kraken is expanding into stock trading, and OKX, after paying a $500 million fine, also announced its entry into the U.S. market and established its headquarters in San Jose, California.
