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Biden's Approach to Crypto

Bloomberg Crypto

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Are Stablecoins a Threat to National Security?

The House Financial Services Committee is considering a bill that would require stablecoins to be backed up 100% by high quality liquid assets. The more strategic national risk aspect, though, comes from the Federal Reserve in this creation of a central bank digital currency. We've said that this legislation we think will pass next year or some form of this legislation will passed next year.

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