Report post

What is a stablecoin Bill?

The stablecoin bill is the first major piece of crypto legislation in 2023. The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill, with proposals including a moratorium on stablecoins backed by other cryptocurrencies and a request to study a central bank digital currency (CBDC).

Is it a 'yes' to stablecoins vs 'No'?

This means that the decision we face in the United States is not Yes to stablecoins vs. No to stablecoins. It is ‘yes’ to stablecoins vs. ‘yes’ to stablecoins offshore. That stablecoins will proceed elsewhere means this is a critical decision for the United States from both a national security standpoint and a financial stability one.

What is a stablecoin moratorium?

It creates definitions for payment stablecoin issuers, echoing a term former Senator Pat Toomey (R-Pa.) used when he introduced his own stablecoin bill in 2022. The moratorium on stablecoins like UST would last until a study can be conducted.

What if a dollar flows into stablecoins?

Every dollar that flows into stablecoins is a dollar that can leave an exploitative local financial system, or a high priced intermediary, and flow into a simple, transparent, cheap option if structured like the payments stablecoins in H.R. 4766.

Related articles

Hawk Tuah Crypto Scam: Everything You Need to Know

Hawk Tuah Crypto Scam: Everything You Need to Know2024-12-06 17:43:06Since its inception, Haliey Welch’s memecoin HAWK […]

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?2024-12-06 17:30:54Fueled by Donald Trump’s big win in US election, the wh […]

Ripple’s RLUSD Stablecoin: Everything You Need to Know

Ripple’s RLUSD Stablecoin: Everything You Need to Know2024-12-06 16:37:42Ripple intends to incorporate both XRP and RLUSD into i […]

Will Ripple Recover From XRP’s Price Drop Following RLUSD Launch Delay?

Will Ripple Recover From XRP’s Price Drop Following RLUSD Launch Delay?2024-12-06 16:31:49As it awaits a final approval from the New York Departm […]

BTCC vs. KuCoin: which crypto exchange is best for you?

BTCC vs. KuCoin: which crypto exchange is best for you?2024-12-06 16:25:06With the rapid development of digit assets, more and mo […]

Ethereum Price Prediction 2023, 2025, 2030: How High Can ETH Go in 2023?

Ethereum Price Prediction 2023, 2025, 2030: How High Can ETH Go in 2023? 2023-09-12 11:30:30 Ethereum Price Prediction Overview: According to our analysis, ETH coin is expected to reach a maxim...

Ethereum (ETH) Price Prediction 2023, 2025, 2030 — Is ETH a Good Investment?

Ethereum (ETH) Price Prediction 2023, 2025, 2030 — Is ETH a Good Investment? 2023-07-26 09:00:32     Ethereum maintains its position as the largest alternative cryptocurrency. Despi...

DogeBonk (DOBO) Price Prediction 2023, 2025, 2030 – How Much Will DOBO be Worth?

DogeBonk (DOBO) Price Prediction 2023, 2025, 2030 – How Much Will DOBO be Worth? 2023-01-03 16:00:38 Abstract: DOBO is currently worth $0.00000001. In one year, DogeBonk might reach $0.00000001...

ETC Price Prediction 2025-2030: Will Ethereum Classic Go Up?

ETC Price Prediction 2025-2030: Will Ethereum Classic Go Up? 2022-12-26 18:00:43 ETC Price Prediction 2025, 2030 Overview: The maximum and minimum Ethereum Classic prices are $67.52...

HBAR Price Prediction 2025: How Much Is HBAR Worth in 2025?

HBAR Price Prediction 2025: How Much Is HBAR Worth in 2025? 2022-12-06 09:58:36 Our HBAR price prediction 2025 forecasts that the expected maximum and minimum prices of Hedera will...

The World's Leading Crypto Trading Platform

Get my welcome gifts

BTCC | The Worlds Most Trusted Crypto Exchange