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The Stablecoin TRUST Act Could Enshrine Financial Privacy

The Breakdown

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Stable Coins - Privacy Protections for Convertible Virtual Currency Transactions

Senator toomey put forth legislation that allows reserved back stable coins to gain o c c licenses, bank charter or money transmitter. Regulators have slowed to a halt any attempt for crypto companies to work with them. The privacy part is what makes me so bullish on how the stable coin proposal is the first that allows crypto to flourish without rupturing defi protocols.

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