🇺🇸 I officially decree: The “Stablecoin Act” is now law!
After many rounds of “political tug-of-war,” finally, I – Donald J. Trump the 45th and 47th – have solemnly signed the decree legalizing stablecoins in the United States.
Crypto vassals are now free to issue stablecoins, as long as they comply with the “laws of nature” which include:
📜 1:1 reserves
📜 Transparent reporting
📜 No abuse of the power to "print coins"
I particularly note: Stablecoins must not be used to “magically” engage in deceptive DeFi gambling schemes. Anyone who violates this will be “legally flattened” by the royal SEC and the FED legion.
Everyone is joyful, markets are celebrating, USDC is flashing lights, Tether is applauding, while DAI is... updating code to keep up with the trend.
The traditional financial world must now look up. I said: “If you’re going to print money, it must be printed to be truly stable!”
