@dwr

Big win for stablecoins today A reminder that Sherrod Brown (voted out) and Elizabeth Warren were the reason a bipartisan bill from the House last year never had a chance to see the Senate floor. Here's a rough overview of the bill: - Federal oversight in most cases - Increased transparency requirements and public disclosures, i.e. are stablecoins backed with real assets - Some compliance stuff Ultimately, will be a boon for fintech / tradfi adoption. Which will normalize using public blockchains for more practical stuff. I would expect in the medium term this benefits decentralized stablecoins like DAI. https://www.coindesk.com/policy/2025/03/11/latest-draft-of-u-s-stablecoin-bill-aims-to-split-power-between-state-and-federal-authorities

8 replies

53 recasts

242 reactions