The U.S. Congress insists on rejecting "yield-generating stablecoins"

avatar
ODAILY
04-02
This article is machine translated
Show original
Planet Daily News: In the review of the STABLE Act, the U.S. Congress continues to exclude "yield-bearing stablecoins" from the bill. House Financial Services Committee Chairman French Hill stated that the bill aims to regulate payment systems rather than create investment tools. Industry professionals criticize this move as protecting traditional banking interests and hindering financial innovation and fair competition. (Eleanor Terrett)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo