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Regulatory Milestones for Stablecoins in Europe and the US
Discussion on USDC and EURC becoming the first compliant stablecoins under EU's MiCA regulations, with insights on regulatory clarity, implications for delisting of non-compliant stablecoins, and expectations for increased competition and integration in the banking sector. The chapter also covers the progress of stablecoin legislation in the US, highlighting the importance of bipartisan support to close the competitiveness gap and lead in digital currency regulation. The intersection of crypto and politics is explored, advocating for trust, policy consensus, and the need for legislation to advance the industry globally.