4 ms·
I have to say this doesn't make a lot of sense at first glance. 1) some people are underserved by traditional banks 2) as a result, they might turn to stablec
by leetcrew 6y ago
I have to say this doesn't make a lot of sense at first glance.
1) some people are underserved by traditional banks
2) as a result, they might turn to stablecoin issuers and potentially be exploited
3) therefore we must restrict stablecoins so they can only be issued by traditional banks
seems like a lot of work just to go back to step 1).
- vmception 6y agoright, the STABLE bill's rationale does not make a lot of sense and the sponsoring representative's rationale makes even less sense.
- lsiebert 6y agoThey probably don't want stablecoin to be like check cashing or payday loans
- vmception 6y agoThey should rewrite it then, they'll have to in 30 days anyway