Stablecoin legislation incoming and you’re bearish?

Don’t make me delete this app

🚨NEW: Today @SenatorHagerty introduces his stablecoin bill in the Senate. The bill is called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act and aims to provide clear regulations for stablecoins.

Here are the highlights of the bill which is…

Eleanor Terrett

Stablecoin legislation incoming and you’re bearish?

Don’t make me delete this app

https://x.com/eleanorterrett/status/1886790411705815194?s=46

Realtor in Raleigh, NC

https://www.instagram.com/chasesommer_realtor/

i have zero faith that there is a single senator that knows what they hell they are talking about when it comes to crypto, stable or otherwise

Author. Artist. Quinquagenarian. 

https://linktr.ee/nfterrybain

I honestly don't know if it's "bad for crypto." I will take my wins in this arena if/when they come, but I won't celebrate. There is HELLA churn in crypto... even more than regular finance, and I'm not convinced AT ALL that we know what the overall influence of their "pro-crypto" initiatives will have. 

To be clear, I'm not "bearish," but I'm cautious as hell and wish more people were.

Sure, but there are tons of pro-crypto initiatives being pushed. Do you interpret this is bad for crypto? What would be the alternative?