#StablecoinLaw New legislative proposals suggest that only insured depository institutions—like banks—should issue stablecoins. This could dramatically reshape the crypto landscape, limiting issuance to regulated financial entities and excluding tech startups. Proponents argue this ensures trust and systemic safety, while critics warn it stifles innovation and competition. The outcome could determine whether stablecoins evolve as fintech products or bank-issued digital cash. The law may also influence central bank digital currency (CBDC) development and how stablecoins integrate with traditional finance.