Cryptoverse Smarts as ‘Bad Actor’ Readies to Talk Stabelcoins to US Senate
A US Senate hearing will hear testimony on stablecoins today – but some crypto community members have expressed concern that some of those summoned before the American upper house could be bringing misinformation and inaccuracy to the table.
As previously reported, some lawmakers and regulators have been gunning for stablecoin-related regulation, with the Securities and Exchange Commission Chairman Gary Gensler likening fiat-pegged tokens to “poker chips” at “a casino” on multiple occasions.
A number of crypto community members have bristled at the fact that a hearing before the Senate’s Banking, Housing and Urban Affairs Committee will hear testimony from “people nobody in crypto has ever heard of.”
Preston Byrne, a lawyer with Anderson Kill,
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