Stablecoin laws in the US could pick up pace and be enacted soon with famous figures also jumping on the bandwagon. According to Bloomberg, Sherrod Brown, a congressman who is skeptical of cryptocurrencies, is lending support to a long-delayed effort to draft new Stablecoin laws.
Sherrod Brown Pushes for Stablecoin Laws
The chairman of the Senate Banking Committee stated on Tuesday that he is willing to move the Stablecoin Laws along with another bill that would recoup CEO compensation from failed institutions and allow banks to work with marijuana companies. The Democratic senator from Ohio, Brown, would strongly increase the likelihood of passage.
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Stablecoin Laws Garner Attention from Many
The support for the laws is not new. Previously, the CEO of Circle, Jeremy Allaire, stated that there is a good chance that the US will enact major stablecoin-related legislation before 2024.
The $135.3 billion stablecoin market, whi
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