#BILL

Why America’s Biggest Crypto Company Is Trying to Stop ✋️a Pro-Crypto Bill From Passing

Coinbase is asking lawmakers to pause on passing a standalone stablecoin bill that could see a vote in weeks, causing tensions within the crypto industry.

Stablecoin bills currently before Congress would provide a path to legality for issuers of stablecoins—digital assets💰# pegged to the U.S. dollar that allow crypto traders to enter and exit positions without the need to access dollars directly. The bills would be the first to effectively legalize a foundational component of the crypto industry. Stablecoins serve as a key connector between crypto and traditional financial markets.Ⓜ️