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Ex-Binance US CEO: Stablecoin Regulation 'Benefits to Global Adoption of the Dollar'

Brian Brooks, former CEO of Binance US, former Acting Comptroller of the Currency, and partner at Valor Capital Group, believes that clear regulation of stablecoins is beneficial to the US dollar, despite some US lawmakers believing it may be harmful to the financial system and economy. Brooks stated, "If the US government can create a framework that allows the US dollar to support stablecoins in a regulated manner, then this demand will flourish." "This will benefit the adoption of the US dollar globally, but as long as we allow the government to suppress stablecoins, there will be push and pull, which is the cause of the problem," Brooks added.

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