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Paul Grewal, Coinbase’s Chief Legal Officer, stated in a recent tweet, “Dollar-backed Stablecoins are here whether you like it or not,” underscoring the regulatory dilemma in the U.S. Should stablecoins be regulated or allowed to operate freely and risk moving overseas?The entire stablecoin market, valued at less than $0.2 trillion, is a small fraction within the massive $24.1 trillion U.S. cash products market. Despite its seemingly modest size, the <a href="https://cryptosheadlines.com/ripple-ceo-criticizes-secs-gensler-for-regulatory-uncertainty-weaponization/" rel="noopener noreferrer nofollow">regulatory uncertainty</a> surrounding stablecoins is significant.During Congressional testimony, Professor J. Austin Campbell of Columbia Business School offered a distinctive perspective on stablecoins. He sees them as either deeply flawed or, conversely, the most significant financial innovation. Campbell believes that stablecoins are essentially ordinary tools that <a href="https://cryptosheadlines.com/g7-nations-agree-that-ai-requires-regulations/" rel="noopener noreferrer nofollow">require clear and defined regulations</a>. Read <a href="https://cryptosheadlines.com/regulatory-confusion-puts-stablecoins-at-risk-insights-from-paul-grewal/" rel="noopener noreferrer nofollow">More...</a>

Regulatory Confusion Puts Stablecoins at Risk: Insights from Paul Grewal

CryptosHeadlines.com

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