Stablecoin Regulation Takes Center Stage: Crypto Lobbyists Push Back Against Unrelated Amendments

Crypto lobbying groups are advocating for a laser focus on stablecoin regulations during the ongoing Senate debate in Washington D.C., urging senators to avoid distractions from unrelated amendments such as the Credit Card Competition Act. They highlight potential financial market impacts and the influence of these amendments on stablecoin issuers and DeFi protocols, with concerns about derailment of stablecoin oversight.