The Senate Banking Subcommittee on Digital Assets held its first hearing on bipartisan legislative frameworks for digital assets, focusing primarily on stablecoin regulation. Lawmakers emphasized the need for tighter anti-money laundering oversight on stablecoin transactions, proposing smart contracts that block unverified users. They also called for a balanced regulatory approach and pushed for clearer digital asset classification. Others criticized excessive government control, questioning why crypto is singled out for regulation.
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