TechFlow news, on February 25, according to Cryptonews, Vance Spencer, co-founder of venture capital firm Framework Ventures, voiced opposition to the proposed U.S. stablecoin regulatory bill. The bill, named the "Generalized Enablement and National Innovation Using Stablecoins Act" (GENIUS Act), was introduced by Senator Bill Hagerty on February 4.
Spencer pointed out that upcoming amendments to the bill include provisions restricting international centralized stablecoin issuers from accessing the U.S. Treasury market. He argued that this move could limit competition and undermine the United States' leadership in the global stablecoin market. Spencer emphasized that most stablecoin demand and development currently occur outside the United States, and restricting foreign issuers would further accelerate the industry's shift overseas.
