Sen. Cynthia Lummis urges US banks to embrace stablecoins and digital assets amid crypto bill delays

Senator Cynthia Lummis U.S. Senator Cynthia Lummis called on banks to embrace stablecoins and digital assets, as it opens up more opportunities for existing financial institutions. "One of the things I don't understand about the banks' resistance is, this gives them an entirely new financial product that they can offer to their customers," Lummis said in a Thursday interview with Fox Business, mentioning digital asset custody and stablecoins as a payment mechanism. "It provides new opportunities for co ...