Dan Romero
@dwr.eth
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
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Mikko
@moo
They don't attempt to ban decentralised stablecoins outright, like MiCA in the EU?
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Vinay Vasanji
@vinayvasanji.eth
Is that the case with MiCA? I suspect it's more to do with auditability of backing assets in the EU rather than the level of 'decentralization' of a stablecoin—related but not the same
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