”It’s a huge giveaway to Big Tech,” the Missouri Republican and longtime foe of the tech giants, tells The New York Times. His concerns: tech companies would be able to issue their own stablecoins that would compete with the U.S. dollar, and it would incentivize these companies to collect more of their customers’ financial data. “It allows these tech companies to issue stablecoins without any kind of controls. I don’t see why we would do that.”
[NYTIMES.COM]
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