Senate Banking Committee to Host Hearing on Stablecoins Regulation

Amid growing scrutiny on stablecoins, regulators have become determined to carve out guidelines distinguishing stablecoins legislation from that of other cryptos. In the latest update, the US Senate Banking Committee has declared the timeline for upcoming hearing on Stablecoins regulation, dated December 14, 2021, i.e., coming Tuesday. The hearing is titled – “Stablecoins: How do they work, how are they used, and what are their risks?”, and will be held at the Dirksen Senate Office Building 538, along with streaming live on the senate’s website.