Post by: Administrator on February 05, 2026, 08:53:53 AM
At a House of Lords hearing, witnesses cast doubt on stablecoins as mainstream money, backing strict Bank of England oversight and criticizing the "disastrous" US GENIUS Act for letting non‑banks into “the money business.”
Source: Critics tell UK Lords stablecoins are not future money (https://cointelegraph.com/news/house-of-lords-receives-warnings-stablecoin-inquiry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)