Regulator Denies Acting on Trump's Orders in Congressional Hearing
2026-06-04 19:15:46
A regulator has denied allegations of acting on President Donald Trump's orders during a congressional hearing, according to CoinDesk. The hearing also discussed the GENIUS Act, which focuses on stablecoin initiatives. The regulator's comments come amid scrutiny over the administration's influence on regulatory actions, highlighting the ongoing debate around stablecoin regulation and its implications for the financial sector.
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