Sen. Lummis: Banks Should Ride Stablecoins Like a Mississippi Riverboat, Not Fight ‘Em!
Banks, she said with the patience of a man explaining why the moon don’t fall, should see stablecoins as a golden goose, not a goose to chase off the porch. “Why defend your kingdom like a bad actor in a western when you could expand it like a railroad baron with a new track?” she mused on Feb. 6, Fox Business being her stage. Faster payments, cheaper fees, and custody services? “It’s like sendin’ a telegram with a telegraph and a side of pie,” she quipped. Blockchain, she noted, might outpace the old banking rails-though she assured the Federal Reserve is still the sheriff in town.





