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Tiffany J. Smith, Partner and Co-Chair of the Blockchain & Cryptocurrency Working Group at  WilmerHale, will be a witness during a Financial Services Committee Hearing: "American Innovation and the Future of Digital Assets Aligning the U.S. Securities Laws for the Digital Age."

April 9, 10AM ET, 2128 Rayburn

Specifically, this statement addresses stablecoins that are designed to maintain a stable value relative to the United States Dollar, or “USD,” on a one-for-one basis, can be redeemed for USD on a one-for-one basis (i.e., one stablecoin to one USD), and are backed by assets held in a reserve that are considered low-risk and readily liquid with a USD-value that meets or exceeds the redemption value of the stablecoins in circulation. [READ] 

April 11: "Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading."

Acting Securities and Exchange Commission Chair Mark T. Uyeda directed agency staff on Saturday to review several previously issued staff statements regarding cryptocurrency investment and the application of securities laws to digital assets. The Department of Government Efficiency has directed the SEC to determine if they should be "modified or rescinded" to align with the current priorities of the agency. [READ]

Last week's markup of the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act was eventful. The bill passed on a bipartisan basis with the support of six Democrats. 

Read about Rep Warren Davidson's amendments 

Read House Democrat press release outlining amendments 

Cleve Mesidor's interview will air on CNBC Crypto World today, 3PM ET.

Last week, Cleve Mesidor was recognized during the DC Government “Women Shaping the Future of Fintech and Digital Asset Policy.” 

Based in DC, Intersect Public Affairs helps clients understand the intricacies of legislative processes, influence public policy, forge key alliances in the corporate and community sectors. 

butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $3+ trillion crypto industry.

Cleve Mesidor, CEO & Managing Editor

Ashlynn Mesidor, CTO & Co-Founder