Coinbase Chief Policy Officer Faryar Shirzad( outlined the five major pitfalls Congress should avoid in stablecoin regulation, urging lawmakers not to sacrifice bipartisan goals to favor traditional banks. He emphasized that legislation should strengthen the US dollar's dominant position, promote domestic innovation, prevent the withdrawal of consumer funds based on unverified risks, establish precise regulatory authority to prevent future abuses, protect existing legitimate business relationships, and fairly weigh the voices of millions of American cryptocurrency investors and banking interests.