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House Financial Services Committee Chair Maxine Waters (D-Calif.) during a hearing in the Rayburn House Office Building on Capitol Hill on May 12, 2022 in Washington. Chip Somodevilla/Getty Images
House lawmakers took part in a contentious debate over how stablecoins should be regulated at a hearing held by the Financial Services Committee’s digital assets panel—where there were also some hopeful signs from both sides.
At the heart of the debate on May 16 was the level of involvement of state regulators and the Federal Reserve.
