I agree we should all care about stablecoin legislation, but I’m struggling to get excited about or support a bill that (a) blanket bans yield/interest, and (b) forces state-regulated issuers into a federal regime based on market cap, which is not a tech-neutral outcome for payment instruments.

Genius bill probably good and a big win, but remember its largely pushed by CB and Circle to stamp their dominance/foothold in the industry. Say bye/bye yield + interest bearing stable dreams.

Genius bill probably good and a big win, but remember its largely pushed by CB and Circle to stamp their dominance/foothold in the industry. Say bye/bye yield + interest bearing stable dreams.  

https://farcaster.xyz/shodyesq/0x3f0b794d