MoonPay CEO Urges Congress to Maintain State Authority over Stablecoins

Ivan Soto-Wright, CEO of cryptocurrency payment firm MoonPay, is calling on US lawmakers to preserve state-level regulatory pathways for stablecoin issuers as legislation moves forward. In a recent X post and letter to congressional leadership, Soto-Wright emphasizes the importance of allowing states to continue regulating stablecoins under existing frameworks while federal legislation develops.