Discover and read the best of Twitter Threads about #STABLEAct
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I'm thrilled to share the announcement of @RashidaTlaib's new "Stablecoin Tethering & Bank Licensing Enforcement (STABLE) Act", (#STABLEAct) cosponsored by @ChuyForCongress & Chair of the House Financial Services Committee's Fintech Task Force, @RepLynch.
tlaib.house.gov/media/press-re…
tlaib.house.gov/media/press-re…
The full text can be found here:
tlaib.house.gov/sites/tlaib.ho…
A big shoutout to @RaulACarrillo & @jason_vtf, who also worked on the bill, & most of all, to the fantastic @chastitycmurphy, who has led the effort on this & other fintech bills such as the #ABCAct and #PublicBankingAct.
tlaib.house.gov/sites/tlaib.ho…
A big shoutout to @RaulACarrillo & @jason_vtf, who also worked on the bill, & most of all, to the fantastic @chastitycmurphy, who has led the effort on this & other fintech bills such as the #ABCAct and #PublicBankingAct.
A big thanks also to @RealBankReform, @ConsumerReports, and @LPE_Project for their endorsement and input on the bill. This is a complex and technical area of financial regulation, and it's critical to ensure consumer voices and interests are represented in the lawmaking process.
Preventing cryptocurrency providers from repeating the crimes against low- and moderate-income residents of color traditional big banks have is critically important. That's why I'm proud to introduce the #STABLEAct with @RepChuyGarcia and @RepStephenLynch. tlaib.house.gov/media/press-re…
Especially amid the #COVID19 pandemic, their vulnerabilities could be exploited and obscured by bad actors looking to issue stablecoins, like other shadow money issuers in the past. The #STABLEAct combats that threat.
newrepublic.com/article/157455…
newrepublic.com/article/157455…
.@RepStephenLynch and I previously led this letter to the @USOCC Brooks blasting the bureau’s unilateral actions in the digital financial activities space. While they have yet to respond, we know action is urgent. Our communities need the #STABLEAct protections now. 
