Framework Ventures’ co-founder warns that US stablecoin regulations could weaken dollar dominance and push financial innovation abroad.
The GENIUS Act may block foreign stablecoin issuers from the US Treasury market, limiting competition and stifling digital finance growth.
The latest stablecoin bill in the United States has stirred further controversy. While some say this is a calculated action to preserve economic stability, others view this strategy as more biased in favor of helping home financial firms.
Co-founder of Framework Ventures, Vance Spencer, even stated that by preventing access for overseas stablecoin issuers to the US bond market, this restriction would undermine the global dominance of the US dollar. Still, is that exactly the case?
I don’t comment directly on regulation much but I would like to flag an emerging regulatory battle that is happening in D.C.
The soon-to-be revealed stablecoin markup apparently has requirements to shut off access to the treasury ma
