Davis Polk partner David Portilla will testify before the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion at a hearing entitled “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise.” The hearing will discuss a proposed regulatory framework to address existing and potential risks of stablecoins.

The hearing will be held at 9:00 am ET on May 18, 2023, in Washington DC.

David’s prepared remarks are available here. For more information and to view a livestream of the hearing, visit the Financial Services Committee website.

Davis Polk partners regularly are invited to testify before Congress; David is the fourth in three weeks. On April 27, partners Joe Hall and Zach Zweihorn testified before separate panels of the U.S. House of Representatives exploring the regulatory path forward for digital assets, and on May 10, Margaret Tahyar testified before the House Financial Services Committee regarding recent bank failures.

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