US President Donald Trump has urged Congress to act on stablecoin legislation, stressing on the need for comprehensive legislation guiding the stablecoin market. During his speech at the Blockworks Digital Asset Summit in New York City, Trump also noted that simple and plain language rules are required to provide clear guidance to ventures and institutions on how to embrace digital assets.
Donald Trump Urges Congress To Pass Stablecoin Legislation
Speaking at the crypto summit, Donald Trump said the government should now work on legislation that would provide reasonable regulation of stablecoins. “With the correct legislations in place, institutions, both giant and small, will be free to invest their resources, develop, and participate in one of the most promising technological transformations in humanity,” he said.
Subsequently, his call fell within a wider plan to make America the world’s premier destination for digital currencies and blockchain-based assets.
The event happened on the 20th of March and its quite an important one as it is the first time a sitting U.S. president is speaking at a conference about digital assets. This meeting included representatives from the government and industry, signifying the increasing interest in the cryptocurrency field.
This Is A Developing News, Please Check Back For More
The post Just In: US President Donald Trump Urges Congress To Pass Stablecoin Legislation appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed