Coinbase CEO Brian Armstrong says the adoption of the Stablecoin Act, which allows Congress to get chain interest, will benefit the US economy.
Armstrong says Stablecoins, which supports dollars in new posts on social media platform X, is increasingly popular and can increase benefits by changing laws not only in the United States but also in the United States.
As US lawmakers discuss the Stablecoin law, Armstrong said the government should legalize the chain’s interests for users.
“I knew that Stablecoins was already digitized by digitizing the dollar and other features, but we couldn’t get all benefits by unlocking the important parts of the puzzles for ordinary people and the US economy.
‘On-Chain Interest’ is the ability to provide Stablecoin in the form of payment and to provide interest on preliminary assets to Stablecoin Holder.
Armstrong says that the Printing Tax can bring some benefits to the US economy by strengthening the issuer of the Stablecoin who purchases the Korean Treasury bill to give users more expenditure and to maintain a 1: 1 peg in the dollar.
“US economy victory. Stablecoins is already one of the largest holders of the US Treasury, which has more countries than most countries, and can be the largest financial holders for several years, and they are rapidly carrying the world users with USD and attracting the dominance of the US Treasury, and consumers have more economic sanctuary at more economics at more economics. If we do not unlock the interests of the chain, the USD is missing.
Armstrong says that this technology exists in a hot chain and payment calculation, but the existing laws make it prohibit this.
“So why don’t we do this today’s work? Technology is all, but the law has not been caught. Unlike inspections and savings accounts that reinforce interest, Stablecoins does not benefit from the same exemption under the securities law where the current issuer can pay interest to users. You should be able to pay savings without imposing matters and taxes.
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Created image: Midjourney