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As Congress Bickers, the Rest of World Recognizes Stablecoins

Singapore, Switzerland and several other jurisdictions are laying the groundwork to legally enshrine stablecoins. The U.S.? Not so much, even though the U.S. has a lot to gain from the promotion of dollars. Plus: a word on CoinDesk's recent journalist layoffs.

House Financial Services Committee Chair Patrick McHenry (left) and Ranking Member Maxine Waters (Alex Wong/Getty Images)
House Financial Services Committee Chair Patrick McHenry (left) and Ranking Member Maxine Waters (Alex Wong/Getty Images)