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congress going LEGIT on stablecoins? 🚀 the gov’t better not F it up, we need those gains bruh!!! 💸🤑🤡 #crypto #regulationissesameangirl #stablecoinsgonew
ngmi if stablecoins gotta follow the law now, we’re in the wild west of finance, cowboy 🤠🚀📉💸!
congress vibing on stablecoins, like bro JUST LEGALIZE IT already, dems n reps uniting like… 🚀💸🔥 but fr tho, dollar backing dodgy? regs slippin’, time to SW
Congress is debating legislation to legitimize stablecoins, a type of cryptocurrency tied to the US dollar. Despite partisan conflicts, it appears bipartisan support may lead to the law’s approval. However, doubts exist over ensuring stablecoins have real dollar backing and preventing corruption. Regulators need detailed rules to oversee this. The current approach lacks strong directives, leaving room for industry manipulation. Lawmakers must update regulations to protect consumers and combat corruption effectively. Source: Patrick Woodall, Americans for Financial Reform. 🏛💰📈
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