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Industry groups urge state coordination, set of best practices for stablecoin oversight
Summary
Digital Chamber representatives outlined state models (New York, California, Texas, Wyoming), urged interstate and federal coordination, and recommended reserve backing, segregation, clear redemption, privacy safeguards, and AML/KYC as best practices for stablecoin oversight.
Representatives of the Digital Chamber told the commission that states are now writing many of the rules for digital assets and urged New Hampshire to coordinate with other states and federal agencies as it develops policy. "We're here to help inform, so that way you can craft the best policies," Anastasia, state policy director for the Digital Chamber, said.
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