Government Stablecoin Payments Would Fuel ‘Tax Evasion Economy,’ Lawmaker Warns

In brief

• Rep. Brad Sherman said allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar” built to “facilitate a tax-evasion economy.”
• His rebuke followed NCUA Chairman Kyle Hauptman’s pitch that stablecoins could speed up tax refunds and emergency stimulus…