I can’t read the article.

The US government should not be involved in crypto at all. But if a “stablecoin” were to ever work, it would be one backed by a government, who can back it up not only with reserves, but with laws.

The irony, of course, is that the Cryptocurrency industry was born out of an inherent distrust of governments, and their fiat currency that only has value because the government says it does. But I anticipate today’s CryptoBros will abandon all those principles if they can own some sweet US-backed TrumpBucks.