More than 100 Democrats in the U.S. House of Representatives helped Republicans send what would be the country's first major cryptocurrency law to the desk of President Donald Trump.
My main concern after reading about this bill in a bit more detail is that it doesn’t look very friendly for decentralized stablecoins, which I prefer over the centralized ones. But it’s a start. It seems to just ignore the decentralized ones, it doesn’t actually prohibit or hinder them.
I know the pitchforks are sharp and the torches are burning especially hot right now, but just yesterday those implements were being aimed at the payment processors that were once again throwing their weight around to censor the services that used them, in this latest case Steam. A bill like this one would help enable stablecoin alternatives to those payment processors to become more widespread. There may be some pieces of baby in this bathwater.
My main concern after reading about this bill in a bit more detail is that it doesn’t look very friendly for decentralized stablecoins, which I prefer over the centralized ones. But it’s a start. It seems to just ignore the decentralized ones, it doesn’t actually prohibit or hinder them.