A bill combining marijuana banking and stablecoins? Top Republican French Hill says he’d vote for it: Bloomberg | Headlines | News | CoinMarketCap
04/30/2024 03:58
Crypto-friendly top Republican Rep. French Hill would support a legislative package that includes both a bill to regulate stablecoins and another …
Crypto-friendly top Republican Rep. French Hill would support a legislative package that includes both a bill to regulate stablecoins and another focused on marijuana banking.
Hill, who currently leads the House Financial Services subcommittee focused on digital assets, said he would vote for such a bill, as lawmakers say they are getting closer to crafting a final stablecoin bill.
“I would vote for it if it were coupled,” Hill told Bloomberg on Monday. “I have supported the SAFE Banking Act for nine years in Congress now, which would allow cannabis dealers in states where it’s legal to have access to the banking system. I think it’s a lot easier to catch bad actors and illegal activity if those companies are participating in the banking system.”
A stablecoin bill is likely to be …