New York wants big tech out of stablecoin business

Big Tech is being legally barred from the future of money. New York’s new rules effectively ban giants like Amazon, Meta, and Walmart from issuing stablecoins unless they secure a near-impossible unanimous vote from the Treasury, Fed, and FDIC. This isn't just regulation; it’s a targeted strike to keep tech firms from disrupting the banking status quo. Should the government be allowed to pick winners and losers in the financial sector? Do you agree with this ban?
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