Stablecoins: The Universe’s Most Boring Revolution?
Under this proposal, small-time stablecoin issuers (read: the ones who haven’t yet conquered the financial galaxy) can operate under state supervision. But don’t get too excited-their frameworks must be “substantially similar” to federal regulations. It’s like being told you can wear your favorite pajamas to a black-tie event, as long as they’re made of tuxedo fabric.



