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And legislation looms here in the United States that would set regulatory hurdles – and, depending on how you look at it, guardrails – on stablecoins in general. That’s a pretty wide net, as it would cover any number of stablecoins pegged to single currencies or baskets of currencies. Casting a Wide Net .
The Federal Reserves shift on crypto banking access could impact payments, stablecoins, and digital assets. This should, in theory, improve banking access for stablecoin-focused companies and enable banks to offer crypto services. The US, with its widely used USDC stablecoin, is well-positioned to lead. Why is it important?
It further undertakes “ to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy ” Highlights of the Order are outlined below. Fact Sheet ) The Working Group will be chaired by David Sacks, the special advisor for AI and Crypto.
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