Preventing cryptocurrency providers from repeating the crimes against low- and moderate-income residents of color traditional big banks have is critically important. That's why I'm proud to introduce the #STABLEAct with @RepChuyGarcia and @RepStephenLynch. tlaib.house.gov/media/press-re…
Especially amid the #COVID19 pandemic, their vulnerabilities could be exploited and obscured by bad actors looking to issue stablecoins, like other shadow money issuers in the past. The #STABLEAct combats that threat.
newrepublic.com/article/157455…
newrepublic.com/article/157455…
.@RepStephenLynch and I previously led this letter to the @USOCC Brooks blasting the bureau’s unilateral actions in the digital financial activities space. While they have yet to respond, we know action is urgent. Our communities need the #STABLEAct protections now. 
• • •
Missing some Tweet in this thread? You can try to
force a refresh
