Bank of America lobbies to dethrone Tether and Circle
Bank of America is happy to pay lobbyists to convince the US government to pass laws and rules favoring bank-operated stablecoins.
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Bank of America is happy to pay lobbyists to convince the US government to pass laws and rules favoring bank-operated stablecoins.
Read more (2 min) →Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.
At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.