US Senator Warren: Stablecoins pose risks to the banking system and national security
2024-04-09 14:41:37
US Senator Elizabeth Warren has issued a warning that stablecoins pose risks to the banking system and national security. The stablecoin bill passed the House Financial Services Committee during the summer, but has been deadlocked due to bipartisan disputes. Warren urged congressmen to be aware of the significance of these risks when considering proposals to regulate stablecoins and to avoid introducing stablecoin legislation that could trigger another financial crisis. In addition, Warren also mentioned the issue of the use of stablecoins in illegal financial activities, citing a report from the US Treasury Department on the increased use of stablecoins in terrorist financing.
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