Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

Congress has for years struggled to get any new legal guidelines handed for cryptocurrencies, offering better readability sought by each critics and proponents of digital belongings. Stablecoin laws could, nonetheless, be the lowest-hanging fruit provided that stablecoins strongly resemble different regulated merchandise like money-market funds, and there is a sturdy incentive to create guardrails since they personal vital typical belongings like U.S. Treasuries.