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Why U.S. Congress stablecoin hearing is ‘like politicians trying to troll’ Bitcoin, crypto
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Fundamental analysis looks at real-world events to better understand factors that could affect the prices of diverse crypto assets. Naturally, an event that many investors will be following is the USA’s crypto regulatory scene.
Now, investment analyst Anthony Pompliano has shared his take on the events that transpired during the Congress stablecoin hearing.
For his part, Pompliano compared Senator Pat Toomey’s “bullish case” for stablecoin regulation to Senate Banking Committee Chairman Sherrod Brown’s gambling comparison. He said,
“It’s the same exact dollar: you can use analog dollars – physical dollars that are in your wallet or your pocket. You can use electronic CUSIP dollars. These are the dollars that sit inside centralized databases
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