【Blockchain Rhythm】December 11th was quite lively. The US Senate is still debating the “Cryptocurrency Market Structure Act,” and this afternoon, representatives from several leading crypto companies are heading to the White House for a meeting to discuss the regulatory framework of the market.
Even more interesting is the upcoming major event—top executives from Bank of America, Citibank, and Wells Fargo will sit down with senators. What will they discuss? Mainly whether affiliated companies of stablecoin issuers can pay interest to users, along with a bunch of other unresolved issues.
It looks like Washington is really prioritizing cryptocurrency regulation as a top agenda item lately.
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LayerZeroHero
· 12-11 23:44
The stablecoin interest segment is really a bottleneck. The fact proves that traditional finance and on-chain ecosystems operate as completely separate systems with poor interoperability. Washington's recent moves seem to be testing whether protocol architecture can migrate towards a more regulatory-friendly direction, which is quite interesting.
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ContractTearjerker
· 12-11 15:21
Washington is really going to take action, but I think it's all just a show... How could the big bankers genuinely want stablecoins to thrive comfortably
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DefiOldTrickster
· 12-11 15:09
These folks in Washington are finally getting serious, but to be honest, the real arbitrage goldmine is in stablecoin interest—let's see who can be the first to find that gap.
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SolidityNewbie
· 12-11 15:03
As for stablecoin interest, banks will definitely block it. What are they afraid of...
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MetaverseLandlord
· 12-11 15:03
The issue of stablecoin interest is going to be a fuss again. The big banks are afraid of losing business, and this show is quite amusing to watch.
Washington is a bit busy today: cryptocurrency bill negotiations + White House meetings + banking giants gathering to discuss stablecoins
【Blockchain Rhythm】December 11th was quite lively. The US Senate is still debating the “Cryptocurrency Market Structure Act,” and this afternoon, representatives from several leading crypto companies are heading to the White House for a meeting to discuss the regulatory framework of the market.
Even more interesting is the upcoming major event—top executives from Bank of America, Citibank, and Wells Fargo will sit down with senators. What will they discuss? Mainly whether affiliated companies of stablecoin issuers can pay interest to users, along with a bunch of other unresolved issues.
It looks like Washington is really prioritizing cryptocurrency regulation as a top agenda item lately.