Senator Elizabeth Warren is concerned about the Stablecoin Bill from the two parties who work on its way across Congress does not do enough to face the regular risks that believe the origins of the dollar.
Senator Bill Hajariti (R-TN) submitted the law of guidance and the creation of national innovation for the benefit of the United States Stablecoins (genius) in February.
The legislation, which aims to demonstrate the organizational clarity of Stablecoins, was approved by the Senate Banking Committee on March 13 by voting from two parties 18-6.
in letter To the committee earlier this month, Warren (D-Massachusets) He said The draft law does not protect consumers, national security, or financial stability.
“The draft law lacks basic guarantees necessary to ensure that the stablecoins is not fully detonated. Under this law, Stablecoin Exporters can invest in risky assets, including the assets that were rescued in 2008, and anyone again, and anyone who believes that anyone who believes that American taxpayer will not be called, directly or indirectly, to leave these men. In 2023, if the organizers did not save $ 3.3 billion in deposits at Silicon Valley Bank.
the Possible legislation It will require Stablecoin exporters to maintain support for their assets by 1: 1.
The draft law states that Stablecoin reserves can consist of the US currency; The money kept as deposits of the request or the insured shares in a secure deposit institution; Treasury bills, notes or bonds.
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