
Nationalizing Stablecoins Won’t Improve Financial Access
Proposals forcing stablecoin issuers to get banking licenses won't increase financial inclusion, as their proponents claim.
Proposals forcing stablecoin issuers to get banking licenses won't increase financial inclusion, as their proponents claim.
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse.
Last week, four Congresspeople in Washington D.C. introduced the highly- controversial STABLE Act. If passed, it would impose cumbersome banking regulations on the emerging crypto industry. As such, the Act has earned the ire of industry leaders and other members of Congress. The STABLE Act Explained...
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The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.