The global standard-setters also cautioned that stablecoins adopted by multiple jurisdictions could potentially transmit volatility in a more abrupt manner than other cryptocurrencies.
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The company strives to empower artists in earning a livelihood from their music by tokenizing their songs on the blockchain and facilitating direct sales to their fans.
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Several House committees with jurisdiction over the matter convened to deliberate on how to proceed with crafting legislation regarding cryptocurrencies. However, a prominent Democrat among them expressed reservations about the need for specialized regulatory measures for the crypto industry.
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