Crypto's future in the U.S. may be revitalized through stablecoins, cryptocurrencies pegged to the dollar. Amid bipartisan support for regulation led by President Trump, Congress holds an opportunity to pass significant crypto legislation. During a TIME100 Talks event, prominent industry figures emphasized the need for timely, targeted regulation to enhance U.S. dollar dominance and avoid stalling progress. Despite consensus on stablecoin legislation, the path to effective regulation remains fraught with challenges due to existing industry concerns.
Having worked in the Senate on many legislative efforts, it's hard to get a bill passed, McWilliams said with a chuckle. You get done what you can get done, and you call it a victory.
The panelists agreed that a focused, narrow bill regulating stablecoins could help cement the U.S. dollar's dominance in a digital future.
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