ypto legislation. Banks should see stablecoins as a way to expand services, not defend turf, Lummis said during a Feb. 6 appearance on Fox Business,
Sen. Cynthia Lummis Tells Banks to Stop Fighting Stablecoins and Start Using Them
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U.S. Sen. Cynthia Lummis urged American banks to embrace stablecoins and digital assets, arguing they represent a new financial product rather than a threat as Congress struggles to advance stalled crypto legislation. Banks should see stablecoins as a way to expand services, not defend turf, Lummis said during a Feb. 6 appearance on Fox Business,