A bill that would establish a regulatory framework for stablecoins would be a positive move for the industry, Michael Zuccarelli, co-founder of Terra Hosting, told Newsmax on Monday.
“Bitcoin is to be free and money for the entire world. But when it comes to stablecoins, we want regulation. Anything that is pegged to the dollar, we want that to be regulated,” Zuccarelli said on “Newsline.”
“We want that to be backed up. We want consumers to feel safe when they’re using stablecoins and get out of that negative consensus regarding crypto and stablecoins in general.”
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