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Why State Regulators Are Worried About Stablecoin Legislation

Why State Regulators Are Worried About Stablecoin Legislation

Update: 2025-04-08
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Brandon Milhorn, the CEO of the Conference of State Bank Supervisors, details his concerns about bills fast-tracked in Congress that would give regulatory guardrails for stablecoins. The state regulators he represents say it would open the door to mixing banking and commerce, disintermediate banks and give too much power to the federal government.

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Why State Regulators Are Worried About Stablecoin Legislation

Why State Regulators Are Worried About Stablecoin Legislation

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