TechFlow news, April 18 — According to Crypto in America, on April 18, 2025, MoonPay CEO Ivan Soto-Wright sent a letter to the U.S. Senate Banking Committee and House Financial Services Committee supporting the stablecoin legislative amendment proposed by the Conference of State Bank Supervisors (CSBS). Soto-Wright called for a balance between state and federal regulation, warning that the current bill may overly favor federal oversight. As a company holding money transmission licenses in 46 states and serving over 30 million users, MoonPay emphasized the importance of existing state-level regulatory frameworks. Meanwhile, cryptocurrency exchange Kraken is expanding into stock trading, and after paying a $500 million penalty, OKX has announced its entry into the U.S. market, establishing its headquarters in San Jose, California.
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