TechFlow reported, according to The Block, that the U.S. House Committee on Financial Services held a digital assets-focused hearing on February 11. Republican representative Tom Emmer stated that cryptocurrency technology returns economic power from central institutions back to the people. Democratic lawmakers expressed concerns over Trump's launched meme coin, with Sean Casten calling it lacking intrinsic value.
Regarding stablecoin regulation, Committee Chairman French Hill and Democratic leader Maxine Waters separately proposed regulatory frameworks. Investment bank TD Cowen believes bipartisan proposals have the potential to reach consensus, but expects specific legislation may be delayed until the end of the year.
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