US HOUSE HEARING REVEALS DIVIDES OVER STABLECOIN, CRYPTO REGULATION AMID CFPB POLITICAL TENSION AND TRUMP MEMECOIN
A U.S. House hearing on crypto regulation revealed partisan divides over stablecoins. Republicans advocated for state-approved issuers and Democrats pushed for federal regulators. Despite these challenges, industry leaders and lawmakers see high potential for stablecoin legislation, although this may not occur until late 2025.