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News Explorer — U.S. Congress to Tackle SEC Oversight, Stablecoin Legislation

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Apr 16, 12:07 am
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U.S. Congress to Tackle SEC Oversight, Stablecoin Legislation

SEC Chair Gary Gensler will be testifying before the U.S. House Committee on Financial Services on Tuesday, and the Subcommittee on Digital Assets, Financial Technology and Inclusion will be discussing draft legislation relating to stablecoins the following day. The SEC's proposed changes to the definition of an exchange have been met with dissent from Commissioner Hester Peirce, who believes the move undermines First Amendment protections. The committee will also be discussing the SEC's declaration from last March and its February proposal.

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