Bernstein: The political and regulatory environment is creating ideal conditions for advancing stablecoin legislation
report released by Bernstein on Wednesday showed that it believes a 'perfect storm' of political and regulatory forces is creating ideal conditions for stablecoin legislation in the United States this year. Analysts added that the legislation that the United States may enact could prompt major financial institutions to assess how to integrate stablecoin issuance or settlement into their business models. In addition, regulatory authorities are expected to strengthen their scrutiny of past 'de-banking' practices, further integrating stablecoin issuers, exchanges, and intermediaries into the traditional financial system.
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