Jack McDonald, senior vice president of stablecoins at Ripple, stated that dual state and federal regulation would set a new benchmark for transparency and compliance in the stablecoin market

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Jack McDonald, Ripple’s stablecoin lead, described the dual regulatory approach as setting “a new bar for transparency and compliance in the stablecoin market
The dual nature of that regulation would basically have set a new bar for transparency and compliance in the stablecoin market,” said Jack McDonald, senior vice president of stablecoins at Ripple.