Regulation
Paul Ryan Calls for Stablecoin Regulation to Combat US Debt Crisis
Former Speaker of the US House of Representatives Paul Ryan supports regulating stablecoins to strengthen US economic stability and boost dollar adoption. In an interview with Bloomberg, Ryan highlighted the potential of stablecoins to solve the $34.7 trillion debt crisis. By backing assets such as U.S. Treasuries, stablecoins can increase demand for government debt. Additionally, Ryan calls for bipartisan regulation, which Patrick McHenry and Maxine Waters have discussed, to expand the stablecoin market. This legislation could integrate the dollar into the digital economy, support economic stability, and leverage digital assets for a secure financial future.