Stablecoins may be crypto’s killer app, but there needs to be regulation in place to allow them to flourish – which could benefit the U.S. dollar, according to Brian Brooks, a partner at Valor Capital Group.

Squawk Box” Friday, Brooks – who was previously the CEO of the U.S. arm of crypto exchange Binance and before that, the acting U.S. Comptroller of the Currency – took issue with the Biden administration’s seeming opposition to stablecoins and discussing stablecoin policy.

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