Why We Need a Bipartisan Stablecoin Bill

CoinDesk (nprofile…nhef)
✍️ The US is falling behind in the development of Web3, the next generation of the internet, and needs to enact clear regulations to foster innovation and maintain its economic dominance.
👉 Stablecoins are a type of cryptocurrency whose value is pegged to a national currency
👉 The US is already playing a major role in the stablecoin space
👉 Stablecoins have use cases that appeal to both conservatives and progressives
👉 The GENIUS Act aims to create a clear regulatory environment for stablecoins
👉 The bill protects consumers by requiring stablecoin issuers to maintain one-to-one reserves in cash and cash equivalents

#BillHagerty #CynthiaLummis #TimScott #technology

quoting nevent1q…kasz

CoinDesk (nprofile…nhef)

The new Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act lays the groundwork for a new era of American exceptionalism, says Senator Kirsten Gillibrand, of New York.
https://www.coindesk.com/opinion/2025/02/10/why-we-need-a-bipartisan-stablecoin-bill