Jacob | M0

Today, I had the pleasure of joining @standwithcrypto on Capitol Hill, supporting their efforts to shape how lawmakers perceive our industry. I’ve never had such an incredible experience in DC, so I want to share what it was like. First of all, regardless of how you might feel about the Trump administration or where your beliefs fall on the political spectrum, there is an undeniable energy that’s taken over the capitol. Trump deserves credit for this – things are moving again! The energy is bipartisan, infectious, and it’s a clear message: America will be competitive. This attitude has produced a significant focus on crypto from both sides of the aisle. Beyond the short term noise, the real push is toward long-term legislation positioning the US as a global hub for crypto innovation. My primary objective in joining this initiative was to emphasize the importance of getting stablecoin legislation right. The company I am pouring my heart and soul into, @m0foundation, is innovating stablecoins at a very fast pace. For those unfamiliar, M^0 is stablecoin issuance infrastructure—a platform that connects a network of issuers with a network of distributors, eliminating middlemen like Tether and Circle with a wholesale stablecoin called $M. Our customers, or as we call them “extenders” are building the most innovative products in crypto. Just today we launched USDN with @noble_xyz , a yield-bearing stablecoin for the interchain ecosystem. Noble chose to create their stablecoin using M^0 because, like them, we are builders. Our technology and our developers are second to none. We abstract away offchain complexity and provide extenders the ability to produce a branded stablecoin in minutes. But in order to deliver this fully onchain experience our upstream issuers require regulatory clarity in their respective jurisdictions. The US is clearly a big market for these issuers and we need them to be able to operate here for the protocol to thrive. It should be possible to operate under existing frameworks, but clear and easy to follow legislation will open the floodgates. So, what was my message to lawmakers? Don’t optimize for the past or the present—optimize for the future. Pass stablecoin legislation that upholds the highest standards of consumer protection, but don’t be so prescriptive that you eliminate the potential for well-constructed decentralized stablecoins. Terra/Luna wasn’t a decentralized stablecoin—it was a Ponzi scheme. And crafting legislation tailored to Tether and Circle is like writing rules specifically for Nokia and Blackberry. If you want to end up with the iPhone of stablecoins, you shouldn’t do it. M^0 is building the future of stablecoin technology—a world where multiple issuers can bridge eligible collateral on-chain and the world’s largest brands can distribute their own stablecoins. It’s a world where builders will thrive. But this vision is made better if our issuers have a clear path to operate in the U.S. The time for action is now. Let’s get this right.