US representative Ro Khanna, a Democrat from California, told the Digital Assets Summit on March 18 that Congress should “have to gain” both a Stablecoin and Crypto Market Structure Bill made this year.
Khanna added that there are 70 to 80 Democrats today who understand the importance of Stablecoin law in increasing American influence worldwide by providing more people to access the dollar.
Rep. Ro Khanna (right) at Digital Assets Summit, March 18. Source: Cointelegraph
Stablecoins is a Growing case of crypto useEspecially in developing countries where there is limited access to physical dollars. There are current stablecoin measures walking in the same Congress room, including the Genius Act in the Senate.
As for a crypto market structure bill, Khanna mentioned the Financial innovation and technology for the 21st century of lawAlso known as Fit21, whom he works for former representative Patrick Mchenry. “I understand that there needs to be some spin in that,” Khanna said, “but a major market structure should appear.”
Crypto executives said the industry Can benefit further from the clarity of US regulation The surrounding digital assets than even the strategic bitcoin reserve. At this time of writing, cryptocurrency prices, including for bitcoin (Btc), Fall since the signing of the Executive Order of the President’s President Donald Trump is creating a reserve.
Related: Banks are pushing to block Stablecoin law on market sharing fears
Khanna Critical of the President’s Memecoin
As Khanna is so enthusiastic about Congress who passed Stablecoin and Crypto Market Regulation Bills this year, she is equally critical of President Trump’s Memecoin, Trump (Trump) officially.
https://www.youtube.com/watch?v=6ulabdvqwre
“I’ll say this to challenge people,” Khanna said. “I became a Blockchain supporter, of crypto technology, but I criticize this idea of the president that there is a memecoin.
He added, “We must acknowledge that these types of things are not worth it to convincing the American public that there is an underlying technology that is important.”
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 concernsand California representative Maxine Waters said the deadly memecoin was potential opened the door to corruption and could risk national security.
California representative Sam Liccardo has introduced a bill that will make it illegal For US presidents, members of Congress, senior government officials, and their wives and children to issue or sponsor goods, security or cryptocurrencies.
Magazine: X Hall of Flame: Memecoins will die and Defi will rise again – Sasha Ivanov
