RE: U.S. Bill Would Temporarily Ban Algorithmic Stablecoins Like HBD

15d
LeoFinance
0 Min Read
89 words

Keep in mind that this is just a US-specific issue.

So the US regulator bans stablecoins from US-regulated exchanges?

(Unless you live in the US), who gives a shit?

Other countries will see this as an opportunity to double down and garner a competitive advantage.

It's not like the US regulator can shut the networks themselves down.

So all they're doing is locking themselves out of this innovative tech that is changing the face of global finance, while the rest of us progress in reality.

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That is true although many follow what the US does. We can expect the EU to take a similar stance at some point.

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And they'll give a competitive advantage to those in Asia.

They are used to being able to control the system.

But with open, decentralised networks, they can't.

The quicker they realise this, choosing to embrace and educated instead of regulate, the better it will be for their citizens.

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