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

Crypto YouTuber & Crypto/airdrop investor since 2018💪

"Be patient.... the team is aware of this issue and will fix it soon.."