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Gate Square New & Returning Creator Rewards are ongoing!
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📣 Congress Debates Stablecoin Framework, Rejects CBDC Expansion
U.S. lawmakers discussed stablecoins' role in modernizing payments while rejecting CBDCs during a March 11 hearing.
Officials argued stablecoins enhance dollar dominance without excessive government control, while a CBDC would centralize financial power.
The STABLE Act, aimed at regulating stablecoin issuers, was a key topic, with industry leaders emphasizing clear regulations to prevent innovation from moving overseas.
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