TechFlow news: Brian Brooks, former Acting Comptroller of the Currency and ex-CEO of Binance US, said clear stablecoin regulation would benefit the global adoption of the U.S. dollar, despite concerns from some U.S. lawmakers that it could harm the financial system and economy. "If the U.S. government creates a framework allowing dollars to back stablecoins in a regulated way, this demand will flourish and boost global dollar adoption. But as long as we allow the government to suppress stablecoins, the opposite will happen,"
Brian Brooks added that at a time when governments around the world are seeking to decouple from the dollar, stablecoin demand represents a way to restore the dollar's role. "This is truly a critical policy issue. It's not about cryptocurrency—it's about the United States' role in the global financial system."
