CEO Moonpay is made for the Federal State State fairs in Stephone State Laws

Ivan Soto-Vright called on the Congress in the open letter to ensure fair competition between state and federal publishers of Stablecoin in the upcoming legislation.

The General Manager expressed the support of the state regulatory authority over Stablecoin publishers, an involuntary congress to adopt key amendments proposed by the State Bank Supervisors Genius and stable acts.

In his letter Boards for financial services Senate and home financial services, Soto-Vright emphasized the need for a double allied frame, we warn it Current drafts of legislation Gifts Federally regulated publishers and risk of marginalizing state players.

Moonpay, which contains 46 permits for the state of state 46 and serves over 30 million customersHe claims that the state path should remain sustainable for permissible publishers of stablecoin.

“Without these amendments, the moonlight is afraid that legislation can inadvertently result in unnecessary load and apartment regulators,” Soto-Vright wrote.

CSBS Recommendations

It was especially approved by CSBS recommendations to ensure “true parity” between the state and the Federal PSIS. They include removing provisions that are the subject of state references to the strict rules in other countries, eliminating the reinforcing the vault and narrowing federal powers that may enable OCC, which can enable CSCs to protect the state protection of consumers.

Genius and stable works aim to provide a regulatory framework for Stablecoins, which Soto-Vright called the US Dollar Domination Tool in the digital economy.

He warned that if it was not altered, legislation could stifle competition, reduce innovation and undermine consumer protective measures already in place at the state level.

MONEONPAY recently gained helio and iron.xiz to expand his StableCoin Infrastructure and are willing to work with legislators to complete accounts.