#USStablecoinBill

The recent showdown over U.S. stablecoin legislation—exemplified by nine pro-crypto Senate Democrats suddenly withdrawing support and pressure from Senators Schumer and Warren—highlights how persistent regulatory drift is already chilling innovation and confidence in this space. In practice, uncertainty is likely to make venture investors and banks cautious: for example, Bank of America’s CEO recently signaled he would only “go into” stablecoins once clear regulation is in place. Industry analysts warn that without firm rules consumers will feel “unprotected and vulnerable”, and indeed “regulatory uncertainty has hindered” stablecoin adoption to date.