Related: Banks push to block stablecoin legislation over market share fearsKhanna critical of the president’s memecoinAs enthusiastic as Khanna was about Congress passing stablecoin and crypto market regulation bills this year, he was equally critical about President Trump’s memecoin, Official Trump (TRUMP).“I’ll say this just to challenge folks,” Khanna said.“I’ve been a supporter of blockchain, of crypto technology, but I criticize this idea of the president having a memecoin.
As for a crypto market structure bill, Khanna noted the Financial Innovation and Technology for the 21st Century Act, also known as FIT21, which he worked on with former Representative Patrick McHenry.“I understand that there has to be some tinkering to that,” Khanna said, “but a basic market structure bill should emerge.”Executives in crypto have said that the industry will benefit more from US regulatory clarity surrounding digital assets than even the strategic Bitcoin reserve.
US Representative Ro Khanna, a Democrat from California, said at the Digital Assets Summit on March 18 that Congress “should be able to get” both a stablecoin and crypto market structure bill done this year.
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Author / Journalist: Cointelegraph by Christopher Tepedino
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