According to Bloomberg, the US House Financial Services Committee is expected to review the stablecoin legislation draft on April 2, which is a priority for former President Donald Trump and the cryptocurrency industry. Committee Chairman French Hill stated that a well regulated stablecoin market can help maintain the dominance of the US dollar and improve payment systems. However, critics such as Congressman Maxine Waters and Senator Elizabeth Warren argue that the bill lacks sufficient consumer protection and advocate for a ban on tech companies issuing stablecoins. Some criticisms also include the lack of protection mechanisms like FDIC insurance, as well as potential impacts on deposit and credit supply. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39830