The stablecoin legislation still being pushed in Congress risks sowing the seeds of a financial crisis

Right now, American consumers and businesses alike are experiencing economic pain and massive uncertainty thanks to the Trump administration’s policies, including costly tarrifs, and the reckless gutting of government programs and services and rules designed to protect the stability of our financial system. Signs of an economic slump may have abated somewhat, but concern is still warranted. Meanwhile, the value of the U.S. dollar on the world stage continues to fluctuate.

This seems...