Not sure if you guys heard, but recently there was a stablecoin hearing in the United States. In fact, it was the first stablecoin hearing, and I have a feeling it won’t be the last. That’s because stablecoins are integral to the crypto market and play an important role in geopolitics as well.
What’s unfortunate is that the hearing was overshadowed by the one featuring Gary Gensler the day before, and yet the stablecoin hearing was easily much more important. It suggests that stablecoin issuers based in the United States are in trouble and could be shut down soon.
The worst part is that the arguments that the witnesses presented for why stablecoin regulation should be allowed were arguably even worse. There was lots of discussion about tracing transactions, connecting crypto wallets to IDs, and even seizing stablecoin transactions.
This is a video you cannot miss!
~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️
► Full Stablecoin Hearing: • Understanding Sta…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.