In the US, the Stable Law, which regulates the USD digital payment systems, was approved by the Financial Services Committee with 17 votes against 32. The law, which was adopted after 13 hours of intensive discussions, will enable the crypto currency market to reach a clear legal ground. This new regulation stands out with important goals such as modernizing payment systems and increasing consumer security.
Net rules are coming for the crypto money market
The long -standing Stable Law aims to eliminate uncertainty for the USD -indexed digital payment systems. The agreement reached as a result of long debates directed by representative French Hill and the President of the Sub -Committee Bryan Steil brings more transparent and understandable rules for market participants. Thanks to the law, the framework of the companies will become clear and measures to protect consumer rights are increased.
The new regulation aims to increase the process rate while reducing the costs of digital payment systems. In particular, transactions with crypto currencies fixed to USD are expected to be more economical and accessible. Thus, the US aims to maintain its global leadership in the crypto money market.
The global role of US dollar will be supported
With the approval of the Stable Law, the US administration clearly demonstrates that it accepts digital payment systems as an important part of the financial system. Representative Dan Meuser said the new law will support the USD’s world reserve money status and help to spread digital financial transactions. This will strengthen the position of US dollar in international markets and increase the economic influence of the country.
In addition, transparency and audit mechanisms are expected to be strengthened under the law. In particular, inspections will be made more tight in order to prevent fraud and illegal activities. Thus, the trust in the sector will reinforce and consumers will have a safer digital financial ecosystem.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
