MoonPay CEO Backs State-Federal Parity in US Stablecoin Legislation

MoonPay CEO joins the fight for state-federal stablecoin equality He also mentions the importance of not privileging the US-based stablecoin issuers over international counterparts MoonPay serves over 30 million users and is operating under 46 state money transmitter licenses ​MoonPay CEO Ivan Soto-Wright has voiced strong support for achieving parity between state and federal oversight in forthcoming US stablecoin legislation. He advocates for state-regulated stablecoin issuers to have equal footing as Congress shapes future digital asset rules. In a letter sent today to the leadership of the Senate Banking and House Financial Services Committees, Soto-Wright expressed support for the Conference of State Bank Supervisors (CSBS) and its proposed amendments to the House’s STABLE Act and the Senate’s GENIUS Act. He stated: “As currently drafted, the bill stacks the deck in favor of federal PSIs. It is essential to preserve viable state pathways… consistent with the dual federal-state regime that has enabled innovation and protected consumers for years.” Has MoonPay’s CEO Addressed This Before? This isn’t the first time that MoonPay’s CEO h… The post MoonPay CEO Backs State-Federal Parity in US Stablecoin Legislation appeared first on Coin Edition .

Source: Coin Edition