Draft US stablecoin bill would ban new algo stablecoins for 2 years

in #bolds • 2 years ago

Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC) which de-pegged from the US dollar earlier this year causing widespread crypto market contagion.

The bill would criminalize the creation or issuance of new “endogenously collateralized stablecoins,” according to a current draft of the legislation obtained by Bloomberg.

#snkdh #ybdt
2 years ago in #bolds by
$0.01
  • Past Payouts $0.01
  • - Author $0.00
  • - Curators $0.01
446 votes
Reply 0

Coin Marketplace

STEEM 0.21
TRX 0.24
JST 0.038
BTC 94636.84
ETH 3278.73
USDT 1.00
SBD 3.16