brypto

Big win for stablecoins today

A reminder that Sherrod Brown (voted out) and Elizabeth Warren were the reason a bipartisan bill from the House last year never had a chance to see the Senate floor.

Here's a rough overview of the bill:
- Federal oversight in most cases
- Increased transparency requirements and public disclosures, i.e. are stablecoins backed with real assets
- Some compliance stuff

Ultimately, will be a boon for fintech / tradfi adoption. Which will normalize using public blockchains for more practical stuff.

I would expect in the medium term this benefits decentralized stablecoins like DAI.

https://www.coindesk.com/policy/2025/03/11/latest-draft-of-u-s-stablecoin-bill-aims-to-split-power-between-state-and-federal-authorities

Stablecoins are the next meta

It’s been mainly 2 horse race for a long time (USDT and USDC) but hopefully this bill brings clarity which will allow for more competition and innovation in the stablecoin space

Will be interesting to see where this bill lands and how it affects decentralized stablecoins like DAI and others

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based