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Stablecoin Regulation Raises Tensions with Banks
Bloomberg Technology·2025-09-29 18:48

LET’S GET THE PERSPECTIVE OF C. E. O.OF THE BLOCK CHAIN ASSOCIATION CONTEXT. THE GENIUS ACT CREATES A REGULATORY STRUCTURE FOR THE ISSUANCE OF STABLE COINS. A FORM OF CRYPTO PEGGED TO THE DOLLAR AND SIGNED INTO LAW IN JULY.I THINK WE TALKED ABOUT IT SHORTLY THEREAFTER. WE’VE DISCUSSED THE IDEA THAT DAVID SACKS SOUTH THERE TALKING THIS IS DOLLARIZATION, THIS IS FANTASTIC. BUT WE’RE TALKING ABOUT NOW TENSION BETWEEN THE MORE MODERN INDUSTRY AND TRADITIONAL FINANCE.HOW FOR YOUR ASSOCIATION IS THAT BEING DEBATE ...