Lawmakers of both parties didn’t love the launch of a crypto meme coin announced by the Trump family just days before his inauguration. But the latest venture from World Liberty Financial – a dollar-pegged stablecoin called “USD1” – probably couldn’t have worse timing.
Financial policymakers on Capitol Hill are racing to introduce legislation to regulate stablecoins right now, with a House markup scheduled for next week. Here’s your crypto vibe check:
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