Sergey Nazarov Outlines Key Requirements for US Stablecoin Bill
Sergey Nazarov Outlines Key Requirements for US Stablecoin Bill
🔍 Stablecoin Bill Plot Thickens
Chainlink co-founder Sergey Nazarov highlighted the importance of standardized proof of reserves and composition requirements in the upcoming US stablecoin legislation.
The proposed bill aims to create a comprehensive regulatory framework addressing:
- Reserve requirements
- Regular auditing standards
- Licensing procedures
This follows recent discussions in Washington D.C. where Nazarov emphasized stablecoins' emerging role as strategic government assets. The legislation marks a shift in US government perspective, now viewing blockchain infrastructure - including smart contracts and oracle networks - as reliable technologies worthy of adoption.
"There should be standards around proof of reserves and proof of composition to prove things about the underlying stablecoin." @SergeyNazarov discusses his expectations for the U.S. stablecoin bill ↓
In Washington, D.C., @SergeyNazarov explains why stablecoins have become a strategic asset for governments ↓
Why the U.S. government now views blockchains, smart contracts, and oracle networks as “reliable technologies that they want to adopt” ↓
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