US House is paving the way for supportive stablecoin regulation

US House passes Financial Innovation and Technology for the 21st Century Act FIT21, moving toward finally establishing regulatory clarity for crypto assets in the united states, and paving the way for supportive stablecoin regulation. Blackrock, primarily asset manager of USDC stablecoin issuer Circle’s cash reserves, has quietly begun participating in Arbitrum governance toward bringing their USD Institutional Digital Liquidity Fund (BUIDL) onto Ethereum’s largest and most advanced layer 2 network. Arbitrum is currently leading DeFi innovation and adoption. Blackrock is the world's largest asset manager with in excess of $10 trillion in assets under management.

The community-led initiative Boop, aiming to put a spotlight on the DeFi possibilities available on Arbitrum, together with popular support from the Arbitrum foundation, is sponsoring r/CryptoCurrency today with a banner placement. Boop currently enjoys DeFi integrations with the options protocol Stryke, volatility farming protocol PeaPods, perpetuals protocol GammaSwap, and will soon be integrated into the automated liquidity management protocol Orange.