U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

The stablecoin bill is most likely to be approved before the presidential election, and is a threat to tether's dominance if passed, according to the bank.

The bank notes that regulatory initiatives have stepped up in the U.S. in recent months, raising questions about the direction of crypto regulation ahead of the presidential election later this year.

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