Government Stablecoin Payments Would Fuel ‘Tax Evasion Economy,’ Lawmaker Warns – Decrypt
In brief Rep. Brad Sherman said allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar” built to “facilitate a tax-evasion economy.” His rebuke followed NCUA Chairman Kyle Hauptman’s pitch that stablecoins could speed up tax refunds and emergency stimulus payments. The clash came at a House Financial Services Committee hearing on...
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