Bernstein: Political and Regulatory Environment Is Creating Ideal Conditions for Advancing Stablecoin Legislation

Bernstein released a report on Wednesday showing that it believes a ‘perfect storm’ of political and regulatory forces is creating ideal conditions for stablecoin legislation in the U.S. this year. The analysts added that possible US legislation could prompt major financial institutions to evaluate how to integrate stablecoin issuance or settlement into their business models. In addition, regulators are expected to step up their scrutiny of past ‘de-banking’ practices, further integrating stablecoin issuers, exchanges and intermediaries into the traditional financial system.