A big concern is that stablecoins will appear as safe investments, legitimized by the law, while supposedly private companies issuing stablecoins could peg their tokens to riskier assets that could tank reserves, cause bank runs, and potentially blindside and financially ruin Americans. Stablecoin scams could also target naïve stablecoin investors, luring them into making deposits that cannot be withdrawn.
About as on-brand as it could get for modern GOP.
A country just bribed this president with a jet. I don’t think it really matters any more. People can just dump bags of money on this shit stains desk and he gets a pass from his MAGAt supporters.