Stablecoin, which was launched in the US dollar, which was launched by an encrypted currency platform linked to the family of US President Donald Trump, can complicate the ongoing efforts of the two parties to pass Stablecoin legislation in Congress, raising concerns about the potential conflicts of interests.
The World Liberty Financial (WLFI) platform has launched TROMP Global Financial Freedom US dollar (USD1) Stablecoin the US dollar in early March, raising concerns about the conflict of potential interests.
Despite the political decline From democratic party legislatorsWLFI’s Stablecoin plans are in line with the current Stablecoin legislation in the United States, according to Anastasija Plotnikova, co -founder and CEO of Blockchain Regulatory Company Fideum.
“The planned support, reviews, qualified nursery, public files, and lack of a local return-all of these elements are well in line with genius and stable verbs,” she said in an interview with Cointelegraph.
She added: “I would like to claim that this is a direct expression of support for the United States -based Stablecoins, and in any case, Stablecoin source is subject to OCC license, state organizers and the Conservative Council in the Federal Reserve.”
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The launch comes at a time when the two main Stablecoin drafts move via Congress.
The stable law, which was submitted on February 6, aims to create a clear regulatory framework for the payment submitted in dollars. It focuses on transparency and consumer protection, and exporters can choose between federal supervision and state.
source: Stable work
The genius law, which was brief to direct and create the national innovation of the American Stablecoins, would create guidelines for the stablecoin exporters with the request to completely comply with the anti -money laundering laws. The verb recently Pass The Senate Banking Committee, voting 18-6.
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Trump’s stablecoincoin is “throwing a key to the efforts of the two parties”
While some believe that Stablecoin from WLFI is a positive indication of the adoption of encryption, others fear that the approval of current legislation will be held, which leads to politicizing it in this process.
“Stablecoin throws the new US dollar for Trump, USD1, pain in the efforts of the two parties to pass Stablecoin’s legislation, and perhaps something like the act of genius,” said Dimitri Radin, the founder of Zekret and the chief technology employee in Fideum.
“With the Trump family, which maintains a large share and a share of revenue, critics are like Senator [Elizabeth] Warren and the actor [Jim] “”
“Anxiety will be that any law can be seen as benefiting from Trump financially, which makes some legislators hesitant. While the draft law can pass, this development may delay it or compel more stringent rules to preserve it neutral.”
Raden said that while Stablecoins appears ready for the prevailing adoption, “political drama” may push innovation abroad if the organizers become excessively bound, adding that banks and federal reserves are still “retreating” against the adoption of Stablecoin.
Meanwhile, the coding industry professionals Urging the legislators To create more regulatory clarity about Stablecoins and encrypted banking relations before lawmakers switch their focus on encryption tax laws.
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