Bernstein: Political and regulatory environments are creating ideal conditions for advancing stablecoin legislation

A report released by Bernstein on Wednesday revealed that it believes a "perfect storm" of political and regulatory forces is creating ideal conditions for U.S. stablecoin legislation this year.
The analysts added that possible legislation in the US could prompt major Financial Institutions Groups to evaluate how to integrate stablecoin issuance or settlement into their business models. In addition, regulators are expected to step up scrutiny of past'debanking 'practices, further integrating stablecoin issuers, exchanges and intermediaries into the traditional financial system.