Trump Signs Stablecoin Legislation - What is a Stablecoin? What Should be 'Stable'?
Just today, Trump officially signed the 'Stablecoin Act' at the White House, marking the implementation phase of U.S. stablecoin regulatory legislation. So what impact does this have on the cryptocurrency world?
Simply put, the government has recognized stablecoins as valid. Subsequently, various financial institutions will connect and issue their own stablecoins. The more stablecoins users in the crypto space hold, the more they can directly purchase various cryptocurrencies, ushering in a wave of spring for the industry.
If Trump's retirement plan primarily focuses on index funds and stocks. If Trump's plan is implemented, some employees' retirement funds could also be used for cryptocurrency investment, which would once again boost the crypto market bull run!
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