U.S. House Financial Services Committee Passes Token Custody Bills
On July 28, the U.S. House Financial Services Committee announced that the Clarity for Payment Stablecoins Act of 2023 and the Keep Your Coins Act of 2023, along with five other finance-related bills, have been passed. These bills respectively aim to provide regulatory oversight for payment stablecoin issuance and ensure that cryptocurrency users are allowed to custody their assets in self-custody wallets.
On July 28, the U.S. House Financial Services Committee announced that the Clarity for Payment Stablecoins Act of 2023 and the Keep Your Coins Act of 2023, along with five other finance-related bills, have been passed. These bills respectively aim to provide regulatory oversight for payment stablecoin issuance and ensure that cryptocurrency users are allowed to custody their assets in self-custody wallets. Previously reported, the U.S. House Financial Services Committee held deliberation votes on the Clarity for Payment Stablecoins Act of 2023 and the Keep Your Coins Act of 2023.