Cody Carbone, president of the Chamber of Digital Commerce, said he expects stablecoin legislation to be on President-elect Donald Trump's desk in 2025. The group detailed the use of stablecoins in a report released Tuesday morning titled "How Stablecoins Extend the Dominance of the Dollar" and pushed for the passage of a stablecoin bill as soon as possible to keep up with their growing use. Stablecoins are increasingly being used for cross-border savings and payments, the report said.
The Chamber of Digital Commerce also plans to meet this week with the leadership of the Federal Reserve, the Office of the Comptroller of the Currency, the House Financial Services Committee, and the Senate Banking Committee.
The Chamber of Digital Commerce has urged U.S. lawmakers to immediately pass stablecoin legislation
2024-11-12 13:03:35
Digital chamber of commerce president cody carbone said expected stablecoindesk3cryptocurrencydesktopCrypto News
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