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Congress Faces Pivotal Moment to Modernize U.S. Financial System for Digital Age
Congress Faces Pivotal Moment to Modernize U.S. Financial System for Digital Age
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BTCCSquare news:
As the $240 billion stablecoin market surges toward a projected $3.7 trillion by 2030, Congress confronts a defining opportunity to future-proof America's financial infrastructure. Two landmark bills—the GENIUS Act on stablecoins and comprehensive market structure reform—could reshape how money moves globally.
Private sector innovation has outpaced regulation, with dollar-pegged stablecoins becoming critical but ungoverned financial plumbing. This development coincides with unprecedented challenges to dollar dominance, including China's digital yuan and BRICS payment alternatives.
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