HFSC Democrats Declare War on Stablecoin
With an eye on next year, Reps. Tlaib (D-MI), García (D-IL), and the chairman of the Task Force on Financial Technology, Stephen Lynch (D-MA), have introduced H.R. 8827 to govern U.S. stablecoins.

FSOC Confirms: U.S. to Tackle MMFs, mREITs, Leveraged Hedge Funds, Nonbank Servicers
FSOC today met to unanimously approve the last annual report of the Trump Administration’s Council, focusing principally on COVID’s impacts and presaging significant U.S. work next year on MMFs.

Daily120320.pdf