NORTHERN MARIANA ISLANDS VETO FIRST-EVER U.S. GOVERNMENT STABLECOIN PLAN

Governor Palacios has vetoed Tinian’s MUSD bill, halting what could’ve been the first U.S. government-issued stablecoin.

The decision was based on legal risks and the lack of enforcement mechanisms, underscoring the regulatory complexities still facing crypto.

A clear reminder that in this space, jurisdiction still rules the game.

Source: Cryptonews