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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
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0 commentsIn 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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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