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| Name | BRICS: US Coming After Digital Assets to Save the Dollar |
| Video Uploader | Video From Geopolitical Analyst |
| Upload Date | This Video Uploaded At 14-05-2024 19:00:17 |
| Video Discription | Amid the BRICS’ impending creation of its own stablecoin, the US is reportedly coming after the digital asset in an effort to save the dollar. Specifically, the Lummis-Gillibrand Payment Stablecoin Act is seeking to combat the sector that lawmakers fear is having an adverse effect on the greenback. Dante Disparte, the CEO of Circle told CNBC he was in favor of the impending stablecoin regulation. Specifically, he noted that connectivity with illicit activity is “bad for the US dollar” and hinders the currency. Moreover, Commodity Futures Trading Commission former chairman Timothy Massady, recently published a paper asking if stablecoins undermine “the global dominance of the dollar,” and its leverage. So, could we say the US is turning its attention to Stablecoin regulation in order to save the Dollar? #brazil #russia #china #southafrica #dollar #digitalcurrency | DISCLAIMER | The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phono records or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” Any information on this channel shall not be understood or construed for any other purpose except for entertainment purposes only. |
| Category | News & Politics |
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