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Stablecoin regulation: Legal veterans oppose Lummis-backed bill
Brief Overview:
• Stablecoin regulatory bills face both support and opposition;
• The bill wants to ban algorithmic stablecoins;
• According to an American law professor, this bill could harm the US financial system.
The new stablecoin regulation bill, co-sponsored by Senators Lummis and Gillibrand, could significantly inhibit innovation in the United States.
The current stablecoin regulatory bill that has attracted much attention
The 179-page bill, filed last week by Lummis and Gillibrand, seeks to provide a clear legal status for stablecoins pegged to fiat currencies and provide clear legal regulations for their operation.
• Stablecoin regulatory bills face both support and opposition;
• The bill wants to ban algorithmic stablecoins;
• According to an American law professor, this bill could harm the US financial system.
The new stablecoin regulation bill, co-sponsored by Senators Lummis and Gillibrand, could significantly inhibit innovation in the United States.
The current stablecoin regulatory bill that has attracted much attention
The 179-page bill, filed last week by Lummis and Gillibrand, seeks to provide a clear legal status for stablecoins pegged to fiat currencies and provide clear legal regulations for their operation.
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