Treasury official behind stablecoin report to testify at Senate hearing next week


advertisement

The Senate Banking Committee has released details ahead of its upcoming hearing on stablecoins, confirming the Treasury’s Under Secretary for Domestic Finance Nellie Liang as its sole witness.

Track live crypto price of 10000+ coins!


The Senate will meet at 10 AM EST on February 15 for a hybrid hearing entitled “Examining the President’s Working Group on Financial Markets Report on Stablecoins.” As the title promises, legislators will take a closer look at the November stablecoin report out of the Presidents Working Group (PWG), which urged Congress to limit stablecoin issuance to insured depository institutions.

Nellie Liang is slated to testify, confirming a previous report by The Block. Liang has spearheaded much of the Treasury’s recent work on stablecoins, including the PWG report.

Related:  BIT Mining reports 40% dip in revenue during Q1 2022

Liang is also testifying at Monday’s stablecoin hearing in the House, entitled, “Digital Assets and the Future of Finance: The President’s Working Group on Financial Markets’ Report on Stablecoins.”

Trending Stories


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link