He declined to guess which of the ongoing crypto legislative efforts are most likely to make headway, though he said Congress should go at it incrementally, biting off smaller pieces rather than a comprehensive approach. He said that’s what his two-page Stablecoin Transparency Act was trying to do, just setting up some simple rules more immediately.
Related posts
-
U.S. Added 206K Jobs in June, Topping Estimates for 190K
The U.S. employment market remained strong in June, with the U.S. Bureau of Labor Statistics reporting... -
U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as... -
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse
“However, significant inflows would depend on broader market sentiment and risk appetite. Currently, however, we’ve recently...