MoonPay sends letter to Congress supporting CSBS, calling for stablecoin bill to ensure equal status of state regulators

According to Crypto in America, MoonPay CEO Ivan Soto Wright wrote a letter to the US Congress today supporting the proposed amendments by the Association of State Banking Supervisors (CSBS) regarding equal regulatory rights for state and federal stablecoin issuers under the GENIUS and STANLE Acts. He emphasized that the current provisions of the bill overly lean towards the federal path, which may weaken the competitiveness of state licensing issuers. Call on Congress to amend laws to uphold competition, fairness, and consumer protection.