The hearing is part of renewed attempts by lawmakers to reach a consensus on a bill that would address stablecoin regulation after earlier attempts broke down.

While exploring the digital pound, BoE deputy governor John Cunliffe said the recent FTX collapse highlighted the need for financial institutions to be organized and the essence of regulations.

Don’t miss the first episode of BSV Stories, “Making Music with Bitcoin,” airing later today.

Bitcoin provides a single source of verifiable and immutable truth that anyone can tap into, which changes the game for startups, Aliigon’s Nicolas Wellinger says.