US stablecoin bill to ‘cement’ dollar dominance, fight sanction evasion
The proposed Lummis-Gillibrand stablecoin bill in the United States, if passed, could help maintain the dominance of the US dollar in the stablecoin market and bring more competition to Europe’s MiCA regulatory regime. However, the legislation still faces challenges such as maintaining a bipartisan and bicameral interest, overcoming potential White House opposition, and being attached … Read more