TechFlow news, according to The Block, former House Speaker Paul Ryan urged lawmakers in Washington to consider establishing a "sound, predictable stablecoin regulatory framework" in the United States.
In a recent opinion article published in The Wall Street Journal, Paul Ryan argued that facing growing U.S. debt, policymakers should consider embracing stablecoins as one response—making U.S. debt more attractive in international markets and avoiding the risk of failed debt auctions. If other countries successfully enhance the influence of their own currencies while selling off U.S. Treasuries, the U.S. will need to find new ways to boost the appeal of the dollar. Dollar-backed stablecoins represent one such solution.
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