Paul Ryan Advocates Stablecoin Regulation to Tackle U.S. Debt Crisis
The post Paul Ryan Advocates Stablecoin Regulation to Tackle U.S. Debt Crisis appeared first on Coinpedia Fintech News
Former U.S. House Speaker Paul Ryan supports stablecoin regulation to enhance U.S. economic stability and boost dollar adoption. In a Bloomberg interview, Ryan emphasized stablecoins’ potential to address the $34.7 trillion debt crisis. By supporting assets like U.S. Treasury bills, stablecoins can increase demand for government debt. Additionally, Ryan calls for bipartisan regulation, which Patrick McHenry and Maxine Waters discussed, to expand the stablecoin market. This legislation could integrate the dollar into the digital economy, supporting economic stability and leveraging digital assets for a secure financial future.
