Valor Capital Group partner Brian Brooks believes clear stablecoin regulations benefit the U.S. dollar — even as some U.S. lawmakers argue it could be harmful to the financial system and economy. 

Brooks — the former CEO of Binance's U.S. arm and a former acting U.S. Comptroller of the Currency — told CNBC on Friday that the Biden administration's apparent opposition to stablecoins is less than ideal.

“If only the U.S. government would create a framework that allows dollars to back stablecoins in a regulated way, that demand would flourish,” Brooks said.

“That would be good for dollar adoption globally, but as long as we’re allowing governments to suppress stable coins, you have the sort of push-pull phenomenon, which is what creates the problem," he added. 

Stablecoins are …