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This week, Financial Services GOP will be marking up Bryan Steil's STABLE Act to harness the promise of payment stablecoins. Proud to cosponsor this landmark legislation and advocate for its passage at The Digital Chamber's blockchain summit.
21,946 просмотров • 1 год назад •via X (Twitter)
Комментарии: 6

@FinancialCmte @RepBryanSteil @DigitalChamber Chainlink is King $LINK is King

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@digitalassetbuy @FinancialCmte @RepBryanSteil @DigitalChamber Ripple’s RLUSD

The STABLE Act is a critical step toward reining in the Wild West of digital finance while protecting taxpayers from bailouts. By mandating 1:1 reserves and banning risky rehypothecation schemes, it forces transparency on an industry that’s operated in regulatory shadows for too long. This bill doesn’t just “harness promise” – it slams the door on the kind of FTX-style fraud that left investors holding the bag. While streamlining approvals for trusted institutions, the Act rightly blocks foreign adversaries like China from exploiting our financial infrastructure. The 2-year moratorium on unstable “algorithmic” stablecoins prevents another Terra/Luna collapse from destabilizing markets. Real oversight means accountability without stifling innovation – something the Biden admin never grasped as they let crypto scams flourish. This legislation proves we can secure digital finance without surrendering to bureaucratic overreach.

@FinancialCmte @RepBryanSteil @DigitalChamber LFG!!!

@Stablecoins_eth @FinancialCmte @RepBryanSteil @DigitalChamber watching this STABLE Act closely. devil's in the details. regulatory clarity = good, innovation-killing restrictions = bad. hope lawmakers actually talked to builders this time. @codeandstate team analyzing potential impacts on emerging market adoption.
