Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Republican lawmakers object to Fed’s proposed crypto, stablecoin rules
Republican lawmakers object to Fed’s proposed crypto, stablecoin rules
Regulation

Republican lawmakers object to Fed’s proposed crypto, stablecoin rules

2023-08-28No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve.

Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of the Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion. All three representatives are members of the Republican party.

Those lawmakers wrote in their objection:

“We are concerned that these actions are being taken to subvert progress made by Congress to establish a payment stablecoin regulatory regime … [this] will undoubtedly deter financial institutions from participating in the digital asset ecosystem.”

The lawmakers objected to two rules: the Federal Reserve’s “Supervisory Nonobjection Process for State Member Banks Seeking to Engage in Certain Activities Involving Dollar Tokens” and its “Novel Activities Supervision Program.”

The rules in question, which were put forward on Aug. 8, describe broad requirements for banks that work with crypto. The first set of rules requires banks to obtain a written non-objection from the Federal Reserve prior to issuing, holding, or transacting stablecoins. The second would see banks participate in an overall crypto supervision program.

Bipartisan alternative

Representatives asserted that the two sets of rules effectively prevent banks from working in the payment stablecoin or digital asset ecosystem, regardless of any compliance instructions that appear to be contained within the rules.

They complained that the rules were not issued in line with the Administrative Procedure Act and demanded more information from the Federal Reserve.

See also  Crypto.com Sues SEC for 'Illegal Actions' in Crypto Regulation After Wells Notice

Despite their objections, the representatives acknowledged a need for regulations. They instead advanced the Clarity for Payment Stablecoins Act — a bipartisan bill backed by Rep. Patrick McHenry, also one of the authors of the latest complaint.

 

The post Republican lawmakers object to Fed’s proposed crypto, stablecoin rules appeared first on CryptoSlate.

Source link

Crypto Feds lawmakers object Proposed Republican rules Stablecoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Very resilient’ American economy under three reasons that Fed will not lower in 2025: Yardeni Research

2025-05-20

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

2025-05-20

US Senate to vote on brilliant Stabilecoin bill despite political gaps

2025-05-20

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

2025-05-20
Add A Comment

Comments are closed.

Top Posts

ETH Daddy discusses Ethereum and AI

2023-10-23

These Bitcoin Investors Are ‘Not Ready’ for a 600% Rise: BitGo Chief

2024-03-26

Crypto Analyst Says February Will Be a Bullish Month for Bitcoin, Here’s Why

2024-01-29
Editors Picks

Bitcoin purchases continue in El Salvador despite IMF warning

2024-12-21

Ethereum – Price breaks out with 15% rally – $ 1,800 resistance under pressure

2025-04-23

SEC ‘intended to stifle the crypto industry,’ says Paul Grewal, Coinbase’s chief legal officer

2024-06-03

When you try to do something nice…

2024-06-20
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,229.650.91%
  • ethereumEthereum(ETH)$2,490.89-1.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.35-0.76%
  • binancecoinBNB(BNB)$646.700.06%
  • solanaSolana(SOL)$167.370.94%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.221842-0.88%
  • cardanoCardano(ADA)$0.74-0.32%
  • tronTRON(TRX)$0.2732623.18%
  • suiSui(SUI)$3.882.67%
  • chainlinkChainlink(LINK)$15.54-1.19%
  • avalanche-2Avalanche(AVAX)$22.18-0.82%
  • stellarStellar(XLM)$0.283123-0.82%
  • hyperliquidHyperliquid(HYPE)$26.01-0.40%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.13%
  • hedera-hashgraphHedera(HBAR)$0.1939521.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.751.44%
  • bitcoin-cashBitcoin Cash(BCH)$388.71-0.41%
  • the-open-networkToncoin(TON)$3.071.69%
  • polkadotPolkadot(DOT)$4.620.19%
  • litecoinLitecoin(LTC)$94.15-4.55%
  • moneroMonero(XMR)$346.170.99%
  • bitget-tokenBitget Token(BGB)$5.160.18%
  • pepePepe(PEPE)$0.000013-2.42%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.44%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • aaveAave(AAVE)$261.6510.23%
  • bittensorBittensor(TAO)$414.320.41%
  • uniswapUniswap(UNI)$5.82-2.56%
  • nearNEAR Protocol(NEAR)$2.74-1.15%
  • aptosAptos(APT)$5.08-1.53%
  • okbOKB(OKB)$51.96-0.64%
  • ondo-financeOndo(ONDO)$0.941.19%
  • kaspaKaspa(KAS)$0.1089821.48%
  • ethereum-classicEthereum Classic(ETC)$18.16-1.27%
  • internet-computerInternet Computer(ICP)$5.14-1.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.333.67%
  • gatechain-tokenGateToken(GT)$21.450.25%
  • crypto-com-chainCronos(CRO)$0.095867-0.02%
  • mantleMantle(MNT)$0.741.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230506-1.61%
  • vechainVeChain(VET)$0.027689-1.23%
  • render-tokenRender(RENDER)$4.590.14%
  • ethenaEthena(ENA)$0.3704970.48%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.220135-1.03%
  • arbitrumArbitrum(ARB)$0.389119-0.08%
  • filecoinFilecoin(FIL)$2.82-2.43%
  • bitcoinBitcoin(BTC)$106,229.650.91%
  • ethereumEthereum(ETH)$2,490.89-1.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.35-0.76%
  • binancecoinBNB(BNB)$646.700.06%
  • solanaSolana(SOL)$167.370.94%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.221842-0.88%
  • cardanoCardano(ADA)$0.74-0.32%
  • tronTRON(TRX)$0.2732623.18%
  • suiSui(SUI)$3.882.67%
  • chainlinkChainlink(LINK)$15.54-1.19%
  • avalanche-2Avalanche(AVAX)$22.18-0.82%
  • stellarStellar(XLM)$0.283123-0.82%
  • hyperliquidHyperliquid(HYPE)$26.01-0.40%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.13%
  • hedera-hashgraphHedera(HBAR)$0.1939521.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.751.44%
  • bitcoin-cashBitcoin Cash(BCH)$388.71-0.41%
  • the-open-networkToncoin(TON)$3.071.69%
  • polkadotPolkadot(DOT)$4.620.19%
  • litecoinLitecoin(LTC)$94.15-4.55%
  • moneroMonero(XMR)$346.170.99%
  • bitget-tokenBitget Token(BGB)$5.160.18%
  • pepePepe(PEPE)$0.000013-2.42%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.742.44%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • aaveAave(AAVE)$261.6510.23%
  • bittensorBittensor(TAO)$414.320.41%
  • uniswapUniswap(UNI)$5.82-2.56%
  • nearNEAR Protocol(NEAR)$2.74-1.15%
  • aptosAptos(APT)$5.08-1.53%
  • okbOKB(OKB)$51.96-0.64%
  • ondo-financeOndo(ONDO)$0.941.19%
  • kaspaKaspa(KAS)$0.1089821.48%
  • ethereum-classicEthereum Classic(ETC)$18.16-1.27%
  • internet-computerInternet Computer(ICP)$5.14-1.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.333.67%
  • gatechain-tokenGateToken(GT)$21.450.25%
  • crypto-com-chainCronos(CRO)$0.095867-0.02%
  • mantleMantle(MNT)$0.741.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230506-1.61%
  • vechainVeChain(VET)$0.027689-1.23%
  • render-tokenRender(RENDER)$4.590.14%
  • ethenaEthena(ENA)$0.3704970.48%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.220135-1.03%
  • arbitrumArbitrum(ARB)$0.389119-0.08%
  • filecoinFilecoin(FIL)$2.82-2.43%