New York Attorney General Letitia James Raises Concerns Over Foreign Stablecoins
"Tether's move to El Salvador is quite alarming! What does that imply for U.S. regulations?"
"I agree with Letitia James; stablecoins should definitely be backed by the dollar!"
"Can Congress really come to a consensus on stablecoin legislation? Seems unlikely."
"James's concerns about Bitcoin are valid, but is it really a threat to the dollar?"
"Tethers transparency efforts are a great step forward. Let's hope they follow through!"
"Do we really need more regulations in the crypto space? They already feel stifling."
"Isn't the shift to a U.S.-based stablecoin just a way for Tether to skirt regulations?"
"A strong dollar is vital, but Bitcoin's convenience is hard to ignore!"
"This whole situation feels like a game of cat and mouse between crypto and regulators!"
"Imagine if Tether's new stablecoin turns out to be more regulated than banks!"
"Could this letter be a sign of a larger crackdown on cryptocurrencies in the U.S.?"
2025-04-10T18:32:04.000Z
Mei-Ling Chen
Source of the news: www.theblock.co