The fact House lawmakers were unable to produce a new stablecoin draft after seven months of talk is indicative of the opposition any such measure would face.
<p><span>Today, the Commission is considering whether to issue a supplemental release to our January 2022 proposal requiring significant trading platforms—including in the Treasury markets—to come under important rules for the markets. I believe this supplemental release would help address comments on the proposal from various market participants, particularly those in the crypto markets.</span></p>