Representative Maxine Waters recently announced that both political parties are making significant progress towards a shared vision for stablecoins. This revelation indicates that there is a growing consensus among politicians from different parties regarding the regulation and implementation of stablecoins. The term “stablecoin” refers to a type of cryptocurrency that is designed to maintain a stable value, often by being pegged to a specific asset or currency. The fact that both parties are approaching a joint vision for stablecoins suggests that there is a recognition of the potential benefits and risks associated with these digital currencies, and a desire to establish a cohesive and effective regulatory framework.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinImpending Arrival of US Stablecoin Bill: A Legal Analysis