
Crypto Shake-Up: Congress Takes on Stablecoins Amid Tumultuous Trump-Backed Launch
U.S. Congress is actively discussing stablecoin regulation in response to the introduction of USD1, a stablecoin backed by the Trump-endorsed WLFI. The USD1 stablecoin, pegged to the U.S. dollar, has stirred political concerns about financial stability and potential influence over blockchain technology.