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MoonPay CEO Champions Inclusion Of State-Level Stablecoin Issuers In Federal Legislation

  • MoonPay CEO Ivan Soto-Wright supports pro-stablecoin legislation.
  • Soto-Wright advocates for a balanced approach that includes state-regulated stablecoin issuers.
  • He raises concerns that current drafts of legislation favor federal Payment Stablecoin Issuers (PSIs) over state-regulated entities.
  • The House Financial Services Committee will discuss the STABLE Act, aiming to create a regulatory framework for stablecoins.

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