Amid ongoing campaigns for the elections in 2024, many United States lawmakers have not sealed the deal on legislation aimed at establishing regulatory clarity on aspects of the digital asset space, including stablecoins.

Speaking with Cointelegraph at the North American Blockchain Summit on Nov. 16, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was “an exciting time in the policy world” as members of Congress considered which crypto bills they planned to support. Hughes said legislating on stablecoins should be a “no-brainer” for lawmakers once they resolved issues related to state-level regulators.

“Stablecoins are a huge part of the…

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