Reported about 18 hours ago
Stablecoin legislation is poised to progress in the Senate Banking Committee, backed by a bipartisan group of senators and after President Trump expressed support during a recent crypto summit. The new bill, which aims to regulate dollar-backed stablecoins, seeks to enhance consumer protection and financial inclusion while addressing potential risks. Financial executives are advocating for stablecoins as a cost-effective transaction method, despite concerns over their lack of traditional banking safeguards.
Source: YAHOO