U.S. pays attention to stablecoin regulations
Thanks to the work of Senator Patrick Toomy, whose White House is at the forefront of crypto regulation, the United States continues to be a global leader in the crypto industry.Last year, President Joe Biden Signed $ 1.2 Trillion Bipartisan Infrastructure Bill — And it contained some new legislation that would affect the crypto sector. And recently U.S. President Announces “Government-Wide” Approach Regulating cryptocurrencies with a full presidential order instructing multiple government agencies to answer specific questions about cryptocurrencies. Last year, the United States clearly sought help to make the crypto industry more sustainable. This will greatly ease the operation of the cryptocurrency platform.
However, the transparency of Stablecoin reserves in 2022 and the unified secure trading law, dubbing The Stablecoin Trust Act for short could be the only country, or at least the only Western country, in which the United States fully regulates and accepts Stablecoin as an official part of its financial and banking system.
