‘Lower the decibels’: House committee stablecoin markup devolves into shouting match
Tech Lower the decibels: House committee stablecoin markup devolves into shouting match 12 minuto ang nakalipas Balita ng Ethereum ng Bitcoin A markup hearing in the House Financial Services Committee escalated to a full-blown clash over proposed stablecoin legislation between representatives Thursday morning. After concluding a markup hearing Wednesday, committee members gathered again Thursday to consider six newly introduced bills. Legislators agreed that the main focus of the markup would be on the Clarity for Payment Stablecoins Act of 2023, introduced last week by Committee Chair Patrick McHenry, R-N.C., but party lines prevented any cooperation across the aisle. Tensions were high to begin with, as Democrats made their dissatisfaction with the agenda clear. “Today this committee is being forced by the extreme [”make America great again“] wing of the Republican party to address a trove of anti-ESG, anti-investor and wholly anti-capitalist bills,” ranking member Rep. Maxine Waters, D-Cali., said in her opening statement. The committee room immediately reacted, with many people present shouting and expressing their outrage at Waters comments. The chaos seems to stem from a bipartisan agreement that fell apart at the eleventh hour thanks to interference from the White House, according to McHenry. “Today I had hoped to announce an agreement with the ranking member on stablecoins









