At the end of March, World Liberty Financial, the crypto company affiliated with President Donald Trump and his family, announced plans to launch a new stablecoin known as USD1.
Stablecoin issuers and exchanges got a boost Friday from the Securities and Exchange Commission after the agency’s staff determined that the assets, generally, aren’t securities.
Codex has disavowed “general-purpose blockchains” because of their inefficiencies in meeting real-world use cases, said Li.
Though many Democrats on the House Financial Services Committee voted with Republicans to move the bill, they raised flags about the Trump-tied stablecoin.
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