Americans for Financial Reform and Demand Progress sent a letter to Congress today expressing opposition to H.R. 4766, the Clarity for Payment Stablecoins Act of 2023. Both groups fear the bill as posted creates a regulatory pathway that is too permissive for so-called stablecoins (which are rarely stable) and that would fail to adequately protect consumers and increase the potential risks stablecoins pose to financial markets and systems.
Americans for Financial Reform and Demand Progress joined other consumer advocacy and public interest organizations in sending a letter to Congress expressing opposition to H.R. 4763, The Financial Innovation and Technology for the 21st Century Act, a bill intended to create a market regulatory structure for digital assets.
AFR’s Senior Policy Counsel, Caroline Nagy, Testified Before the HFSC, Housing and Insurance Subcommittee.
AFR’s Senior Policy Analyst, Alexa Philo, testified Before the Senate Banking, Housing and Urban Affairs Subcommittee on economic policy.
AFR led 58 organizations in expressing opposition to the anti-ESG policy agenda that seeks to insulate the management of public companies from investor input and accountability and undermine regulations that would equip investors with more information to make better decisions about their investments. It was submitted to the record ahead of six House Financial Services Committee hearings on the topic.
Americans for Financial Reform and Demand Progress joined other consumer advocacy and public interest organizations in sending a letter to Congress expressing opposition to a proposed bill intended to create a market regulatory structure for digital assets.
