Howard Lutnick Advocates for US Stablecoin Regulations
- Howard Lutnick, nominated by Donald Trump for Commerce Secretary, supports stablecoin regulation in the US.
- Lutnick proposed that US stablecoins should undergo regular audits and be backed by US Treasuries.
- He defended stablecoin issuers against allegations of facilitating illicit activities.
- Lutnick emphasized the potential of AI to address blockchain-related illicit activities.
- Concerns were raised about Lutnick’s ties to Tether, despite his commitment to regulatory compliance.
- Donald Trump signed an executive order promoting the growth of lawful dollar-backed stablecoins.
During his confirmation hearing, Howard Lutnick emphasized the need for regular audits and backing of US stablecoins with Treasuries, aligning with Trump’s pro-stablecoin stance.
Source (2.6)https://coingape.com/pro-crypto-howard-lutnick-calls-for-audit-of-us-stablecoins/?rand=24432
