Summary
- President Trump stated that dollar-based stablecoins will contribute to expanding the dominance of the U.S. dollar.
- He urged Congress to pass a bill that creates simple rules for stablecoins and market structure.
- He added that with the right legal framework, various institutions can invest in and participate in the technological revolution.
U.S. President Donald Trump stated on the 20th (local time) in a video speech at the Blockworks Digital Asset Summit (DAS) that "dollar-based stablecoins will help expand the dominance of the U.S. dollar."
He urged Congress to pass a bill that creates simple but common-sense rules for stablecoins and market structure, adding, "With the right legal framework, both large and small institutions can invest, innovate, and participate in one of the most exciting technological revolutions in modern history."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
