Representative Hill Rebukes Coinbase CEO’s Request for Interest-Bearing Stablecoins

Representative French Hill, who Chairs the House Committee on Financial Services, rejected requests to approve interest-bearing stablecoins. Coinbase CEO Brian Armstrong made a public appeal in support of this yesterday. Hill has been a vocal supporter of new stablecoin regulations, and the crypto industry counted his Committee appointment as a victory. French Hill Rejects Interest-Bearing Stablecoins If there’s one topic that’s a top priority for US crypto policy, it’d be stablecoin regulations source: https://beincrypto.com/french-hill-coinbase-armstrong-stablecoin-limit/