Crypto Skeptic Senator Sherrod Brown Is Open to Pushing Stablecoin Legislation, Bloomberg Reports

Congress has been trying for years to pass new laws on cryptocurrencies to provide greater clarity sought by both critics and supporters of digital assets. Nonetheless, stablecoin legislation is the easiest win, given that they are very similar to other regulated products, such as money market funds, and because they own significant existing assets such as U.S. Treasury bonds, there is a strong incentive to create guardrails. It may be.