Committee discusses state stablecoin framework, carries HB259 over for more work
Committee members discussed HB259, a bill to create a state licensing and regulatory framework for stablecoins tied to the federal 'Genius Act.' Members raised concerns about state use of stablecoins, consumer acceptance, transaction fees and implementation; the bill was carried over for further study and possible amendment.
The full story
Chair turned consideration of HB259 to the sponsor and the committee decided to carry the bill over for further work after extensive discussion.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or