Framework Ventures co-founder: The proposed stablecoin legislation may weaken the dollar and exacerbate U.S. debt

ChainCatcher news, Framework Ventures co-founder Vance Spencer posted on the X platform that the upcoming stablecoin legislation may restrict international centralized stablecoin issuers' access to the U.S. Treasury market.

He believes this is an attempt by domestic interest groups to push regulatory capture, which could undermine the dollar's hegemonic status globally and exacerbate the U.S. debt issue.

Spencer emphasized that the largest demand for stablecoins today comes from overseas, and continuing a hostile regulatory stance could lead to the U.S. losing its dominant position in the stablecoin industry.