Paul Ryan Urges Lawmakers to Create Stable Regulatory Framework for Stablecoins
- Crypto policy impacts 2024 Presidential race.
- Biden officials to attend policy roundtable.
- Former Speaker Paul Ryan urges stablecoin regulation.
- Ryan advocates for stablecoins to make US debt attractive.
- Ryan calls for bipartisan effort in Congress.
- Ryan emphasizes stablecoins on public blockchains uphold American values.
Summary :
Former Speaker of the House Paul Ryan has called on lawmakers in Washington to create a stable regulatory framework for stablecoins in the United States. Ryan, who now serves on the Policy Council of crypto-focused VC firm Paradigm, argued in a Wall Street Journal opinion piece that stablecoins could make American debt more attractive in international markets and prevent a failed debt auction. He highlighted China's embrace of digital dollar technology through its e-yuan central bank digital currency and urged the US to find ways to make the dollar more appealing. Ryan emphasized the need for bipartisan efforts in Congress to regulate stablecoins and concluded by stating that a win in this area would be beneficial in an election year.
Sources :
- TheBlock
