<ul><li>Lawmakers and witnesses caution against regulation by enforcement of digital assets at a congressional hearing.</li><li>Regulatory clarity and proper safeguards are needed to put in place the right guardrails for the digital asset space.</li><li>Witnesses warn of regulatory overreach and highlight risks to the financial system associated with the mainstream adoption of cryptocurrencies and stablecoins.</li><li>PayPal emphasizes the need for a federal level framework for regulation and the adoption of a stablecoin issuer framework that allows for a state-based option.</li></ul>

Witnesses Fault ‘Regulation by Enforcement’ of Digital Assets at Congressional Hearing

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