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Testimony from CR’s Delicia Hand on the need to strengthen consumer protections in proposed stablecoin legislation

In testimony before the House Financial Service Committees’ Subcommittee on Digital Assets, CR’s Delicia Hand warned that consumers and investors who are putting their faith and trust in stablecoins are at risk given the lack of federal oversight. CR’s Hand urged lawmakers to develop bipartisan, common sense legislation governing stablecoins that will help promote responsible innovation, financial stability, and financial inclusion.