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“The competition will be fierce,” says Christian Catalini, MIT CryptoEarpomy Laboratory and combined founder DiameterThe current Defunct Stablecoin Project funded by Anta. “You will see more issuers to enter the market and compete. Most of these issuers will be more traditional banks and fintechs.”
Crypto lawyers move These stablecoins will strengthen the US dollar in demand in demand in demand in developing countries in developing economies, and allow US government bonds to be cheaper at the request of violence. “You can’t get a better innovation for greenery on the white board,” said Christopher Perkins, President Crypto VC was in COINFund.
However, the regulators can stabilize the financial system if it cannot control the correct control. Critics warned. For example, an issuer, which has a stablecoin, which has a stablecoin, which has a major issuer, a stablecoin causing the cost of the coin and other Stablecoins, has to cancel the cost of government bonds, taxpayers to potentially.
“I am more likely to me more than steps that combine the private currency in the financial system. The bottom, it represents this,” says Jacob Silverman, the praise of the book Easy money: cryptocurrency, casino capitalism and fraud golden period.
Another general objection to the Genius act is due to the lack of any provision that prevents Trump and family from their stablecoins.
In May, the World Freedom Finance, USD Stableco’s investment company funded by the United Arab Emirates will be used by MGX, it will be used to make a $ 2 billion investment SeparationThe world’s largest cryptist exchange. Trump-related firm can earn ten million dollars from the operation, which causes complaints among critics that claim this operation “Foreign policy for sale“
“By passing the genius, politicians bless the corruption of Trumman’s corruption,” Silverman claims. “We want to protect consumers but I don’t think [crypto] Trump’s crypto corruption and the Republican Party should be more legalized in the United States. “
The White House did not respond to a request for comment.
However, when he voted on Thursday, MPs protested against Trump’s crypto-made Crypto-made Crycardo Kriptovala in February The legislation provided The selected officials are designed to prevent their cryptist money and earnings by certain other assets arranged behind the genius act.
“Whether there is a confirmation stamp, it seems that the Trump memecoin scheme and now the stablecoin scheme can be inhibited by any concern that people can be. “Although we obtain a language I want to ban this bill, we have no justice of justice, which has been tried to judge this law for violating this law,” he said.
DOJ did not respond to a request for a comment.
Although the genius movement is flawless, an urgent need for urgent need to get up to date in the “Wild West” Stablecoin market. “If we do not pass anything, we continue to have a great uncertainty about who can be adjusted and how it will be.” “I see this as I don’t want to make the perfect enemy perfect.”
