Stablecoin issuers trying to follow the rules can't be sure what rules to follow. The Biden administration chose to regulate crypto companies by arbitrary enforcement measures. Regulators filed numerous lawsuits against crypto firms, and These hostile actions led a number of US Based companies to consider moving out of the United States altogether. Mr. President, I think we all agree the United States should be the world's leader in financial innovation. Stablecoins should be made in the usa. (01:21–01:27)
CLAIM
Asserts that U.S. crypto companies are considering relocation due to regulatory actions.
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