Dems give Fed โveto powerโ over crypto bills, Rep. Ritchie Torres says. โI cannot for the life of me understand why we should give veto power to regulators over bipartisan regulation and compromise,โ Torres said
Source: https://www.marketwatch.com/story/dems-give-fed-veto-power-over-crypto-bills-rep-torres-says-d2d1d719
Highlights:
* Both Democrats and Republicans agree on the need for stablecoin legislation.
* Rep. Ritchie Torres claims his partyโs strong alignment with the White House and financial regulators has hampered reaching a compromise.
* Negotiations on the House Financial Services Committee's stablecoin