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House Financial Services Committee Chair McHenry Issues Statement on PayPal Announcing Launch of Payment Stablecoin
August 07, 2023
WASHINGTON, Aug. 7 -- Rep. Patrick T. McHenry, R-North Carolina, chairman of the House Financial Services Committee, issued the following statement:

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The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after PayPal announced the launch of its payment stablecoin. This follows the House Financial Services Committee passing the bipartisan Clarity for Payment Stablecoins Act, which identifies regulatory paths . . .

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