A new draft bill on stablecoin regulation has been introduced in Congress, aiming to create a clear framework for issuers at both state and federal levels.
📌 Key points:
▪️ 2-year ban on stablecoins backed solely by digital assets
▪️ Treasury to conduct a 1-year risk study 🧐
▪️ Goal: Strengthen the USD’s position as the world’s reserve currency
Lawmakers want public feedback before finalizing the bill, while Trump’s administration and Congress are working together on crypto policy. 👀
Meanwhile, Fed Governor Christopher Waller agrees that stablecoins can support the USD but insists proper regulation is needed.
🚨 Regulation is coming—will it boost or strangle stablecoins? 🤔
