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via Decrypt · By Decrypt Editorial
Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns
DE
Decrypt Editorial(03:52 PM UTC)
1 min read
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 regulators' progress…
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