HFSC GOP: U.S. Must Be Global Leader on AI, Fintech
HFSC Republicans today released a staff report on fintech and AI, urging rapid adoption to maintain the U.S. as a global leader. The report demands that Congress ensure that FedNow (see FSM Report PAYMENT20) be fully interoperable with private-sector instant payment services and recommends that Congress clarify how digital assets are categorized and regulated.