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US Congress Gathers for Trump's Prioritized Coin Regulation: Here is the Date! - Coin Bulletin
The U.S. House of Representatives Financial Services Committee will meet on April 2 to make a decision on stablecoin regulation
The House Financial Services Committee will begin discussions on stablecoin regulation on April 2. The meeting on April 2 will be an important moment when the U.S. House Financial Services Committee will make decisions on stablecoin regulation. President Donald Trump wants to ensure that this regulation is implemented quickly with his support for the cryptocurrency sector. Additionally, this step has the potential to further increase the influence of the cryptocurrency industry in Washington DC.
However, critics of the draft argue that the regulation does not provide sufficient consumer protection and that technology companies should be banned from issuing stablecoins. This creates an important area of discussion for the future of the regulation.
President Trump continues to take swift steps to strengthen his close relationship with the cryptocurrency industry and to regulate this sector. With the support of some key Democratic figures in Washington, a strong foundation has been established for the passage of stablecoin regulation.