Crypto group counters Wall Street bankers with its own stablecoin principles for bill

A coalition of cryptocurrency advocates has proposed a set of principles for stablecoins to counter the influence of Wall Street bankers in legislative discussions. This initiative aims to establish a framework that emphasizes transparency, consumer protection, and innovation in the stablecoin sector. The principles seek to ensure that stablecoins remain accessible and beneficial to users while addressing regulatory concerns. The group believes that their guidelines will foster a more inclusive financial ecosystem and promote the responsible development of digital currencies.

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