Stablecoins First Over Other Crypto Agenda: Senate Hearing On Digital Assets Triggers Frustration
Cryptocurrency users on X are less than pleased after tuning in to Wednesday's Senate Banking Committee hearing led by Digital Assets Subcommittee Chair Sen. Cynthia Lummis, R-Wyo., after stablecoins took center stage over other crypto segments in the discussions.
"We're gonna start with stablecoins," she revealed, drawing comments of disappointment and frustration among crypto users on X (formerly Twitter).
In her opening statement, Lummis, known for her promise to Bitcoiners of pushing forward a national strategic Bitcoin reserve, highlighted the GENIUS Act, or the Guiding and Establishing National Innovation in U.S. Stablecoins Act, which she said will make "the U.S. dollar fit for the digital age" and will ensure that payments are facilitated "faster and cheaper."
The © International Business Times
