Joining the ongoing debate about supporting blockchain innovation in the US, former Speaker of the House Paul Ryan proposed dollar-backed stablecoins as a solution to the US national debt crisis. Ryan argues stablecoins could bolster the US financial system and help it keep up with China’s rapid economic rise.
Crypto to Play Pivotal Role in US Elections
Crypto has become the focal point of the upcoming US elections, with the two parties displaying contrasting stances.
Republican candidate Donald Trump aspires to be the ‘crypto president,’ hoping for all $BTC to be mined in the US to help the country become energy dominant. Moreover, Trump’s campaign fundraising accepts crypto donations, among which are political meme coins like $TRUMP, $STRUMP, and $MAGA.
Conversely, Joe Biden takes a cautious approach to crypto.
The current president has received significant criticism from the crypto community,…
