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The Federal Reserve appears unlikely to play a prominent role in the future oversight of stablecoins as Democrats increasingly drift toward an alternative approach.

Fed’s oversight of stablecoins in doubt as Dems hem, haw

The Federal Reserve appears unlikely to play a prominent role in the future oversight of stablecoins as Democrats increasingly drift toward an alternative approach.

The House and Senate Republican approaches to stablecoins — with bills from Sen. Bill Hagerty (R-Tenn.) and Reps. French Hill (R-Ark.) and Bryan Steil (R-Wis.) — are largely in sync.

Democrats on the House Financial Services Committee are a different story.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by AstraZeneca

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