Weekly Roundup 03/31/23 (CFTC v Binance, McHenry’s stablecoin bill, Gruenberg’s questionable testimony) (EP.411)
On The Brink with Castle Island
The Senate Democrats Don't Want to Pass a Crypto Market Structure Bill
The Fed is disallowing chartered banks from issuing stablecoins on public blockchains. A proposed bill would just mean that you can't issue a stablecoin period. It sounds like there's actually a bill that could potentially get passed in the House. The Senate Democrats just don't want to have any pro-crypto frameworks, he says.
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