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A focus for much of the afternoon was the possibility of a stablecoin “bailout” if a large enough company one day failed and presented systemic risks.

The Vault

April 02, 2025

HFSC Dems’ price for stablecoin markup is pain

It has been a long day in Rayburn 2128.

As of this hour, House Democrats on the Financial Services Committee continue to present a slog of amendments that Republicans will almost certainly not agree to. But there have been some wrinkles in the meantime that are worth unpacking.

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