• To top up your wallet for purchases, investments, transactions and currency exchange click Here 👉 Get invoice

Digital Assets 1 Stablecoin, market structure bills should get done this year — Rep. Khanna

Digital Assets
1
Status
Not open for further replies.
N

NewsMaker

Administrator
840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzA3YWQtOWRmOC03MjViLWJkNDItMTY3NTI5YzAzMDlj.jpg



Stablecoin, market structure bills should get done this year — Rep. Khanna

US Representative Ro Khanna, a Democrat from California, said at the Digital Assets Summit on March 18 that Congress “should be able to get” both a stablecoin and crypto market structure bill done this year.
Khanna added that there are 70 to 80 Democrats now who understand the importance of stablecoin legislation in increasing American influence around the world by giving more people access to dollars.

Cryptocurrencies, Congress, United States


Rep. Ro Khanna (right) at the Digital Assets Summit, March 18. Source: Cointelegraph

Stablecoins are a growing crypto use case, especially in developing countries where there is limited access to physical dollars. There are currently stablecoin bills making their way through both chambers of Congress, including the GENIUS Act in the Senate.

As for a crypto market structure bill, Khanna noted the Financial Innovation and Technology for the 21st Century Act, also known as FIT21, which he worked on with former Representative Patrick McHenry. “I understand that there has to be some tinkering to that,” Khanna said, “but a basic market structure bill should emerge.”

Executives in crypto have said that the industry will benefit more from US regulatory clarity surrounding digital assets than even the strategic Bitcoin reserve. At this time of writing, cryptocurrency prices, including for Bitcoin (BTC), have fallen since the signing of US President Donald Trump’s executive order creating the reserve.

Related: Banks push to block stablecoin legislation over market share fears

Khanna critical of the president’s memecoin


As enthusiastic as Khanna was about Congress passing stablecoin and crypto market regulation bills this year, he was equally critical about President Trump’s memecoin, Official Trump (TRUMP).


“I’ll say this just to challenge folks,” Khanna said. “I’ve been a supporter of blockchain, of crypto technology, but I criticize this idea of the president having a memecoin. I don’t think any elected official should be having a memecoin, and those types of things, in my view, distract from the fundamental technology and making the case.”

He added, “We have to recognize that those types of things are not helpful in convincing the American public that there’s an underlying technology that is valuable.”

Related: What is TRUMP? Donald Trump’s billion-dollar memecoin

President Trump’s memecoin and his family’s crypto ventures may raise conflict-of-interest concerns, and California Representative Maxine Waters has said the infamous memecoin potentially opened the door to corruption and may risk national security.

California Representative Sam Liccardo has introduced a bill that would make it illegal for US presidents, members of Congress, senior government officials, and their spouses and children to issue or sponsor commodities, securities or cryptocurrencies.

Magazine: X Hall of Flame: Memecoins will die and DeFi will rise again — Sasha Ivanov

Actual Crypto Price of Cryptocurrency on the market now

Bitcoin/USD






Ethereum ETH






Litecoin LTC






Solana SOL






Tron TRX




Contacts for ads and profitable Investments


Click Here👈


Read more
 
Status
Not open for further replies.
Buy Advertisement on This Place

Similar threads

Useful Products and Services

Proxy Real Estate Investing B
  • Broker
Proxy Real Estate Investing is the Profitable method of Buying Property in Locations with Restrictions for foreign citizens.
0.00 star(s) 0 ratings
Released
Прокси-Покупки Недвижимости B
  • Broker
Прокси-Покупка Недвижимости - это Выгодная Услуга Опосредованного Инвестирования в Активы и Управления Собственностью.
0.00 star(s) 0 ratings
Released
Crypto/Currency/Cash Converting Service in Russia B
  • Broker
Crypto/Currency Converting Service is the profitable Money Exchange Office in Russia. Need to get Cash RUBles ? Feel free to ask us about the price and rate.
0.00 star(s) 0 ratings
Released
Buyer in Russia B
  • Broker
Buyer in Russia is the Reliable Service for Transactions by Proxy.
4.00 star(s) 1 ratings
Released
Покупка - Обмен Криптовалют по Вашему Поручению B
  • Broker
Когда нужно выгодно Купить Криптовалюту я предлагаю несколько способов Обмена. В 2025 году Обмен и Покупка основных Криптовалют может быть анонимной и выгодной. Хотите узнать больше ? Просто закажите услугу здесь.
5.00 star(s) 1 ratings
Released
GOLD - SALE B
  • Broker
Gold is a Key Safeguard Asset. When people want to Invest Money profitably, they choose to buy gold in the Digital form and Physical Coins & Bars.
0.00 star(s) 0 ratings
Released
Продажа Золота B
  • Broker
Золото - это Ключевой Защитный Актив. Когда хотят Выгодно Вложить Деньги - Выбирают покупку золота в форме Монет и Слитков.
0.00 star(s) 0 ratings
Released
Back
Top