The Digital Assets, Financial Technology, and Inclusion Subcommittee of the U.S. House of Representatives Financial Services Committee will hold a session to discuss the regulatory challenges and opportunities of stablecoins at 4pm on Thursday (Tomorrow).
Stablecoins are cryptocurrencies that are pegged to fiat currencies or other assets to provide a stable value.
"Adding 'Stable' (Stability) to 'Stablecoins': How Legislation Will Help Stablecoins Deliver on Their Promises?" The session will feature four witnesses from different backgrounds and perspectives.
Witnesses are:
- Fennie Wang is the Founder and CEO of Humanity Cash, a social benefits platform that leverages stablecoins to provide financial inclusion and humanitarian aid to underserved communities around the world.
- Matt Homerr is an Executive Member of The Department of XYZ, which advises clients on digital transformation and innovation. He also oversaw the regulation of crypto and fintech companies as the Executive Vice President of Research and Innovation in the New York State Department of Financial Services.
- David Portilla is a partner at Davis, Polk & Wardell LLP, a law firm specializing in financial regulations and litigation.
- Robert Morgan is CEO of the USDF Consortium, a nonprofit that operates USDF, a fully supported and regulated stablecoin that is compliant with US laws and standards. He is also a former senior official with financial stability and international relations at the US Department of the Treasury.
*Not investment advice.