Patrick Daugherty on Crypto Legislation – 'Stars are aligned to pass these bills'

Foley & Lardner LLP partner Patrick Daugherty commented in Yahoo! Finance on potential passage of crypto bills by the U.S. House.

The proposed legislation would establish guardrails around stablecoins – tokens tethered to the U.S. dollar or another asset – and a regulatory framework for payment stablecoins and digital assets, among other regulatory changes.

Daugherty, who chairs Foley’s Blockchain & Digital Assets team and has provided commentary to congressional staff and U.S. lawmakers on drafts of the legislation, said, “This is a moment in time when the stars are aligned to pass these bills.”