#USStablecoinBill The US Congress has once again decided to 'save' the crypto market... by regulating it to death.

On the agenda is the US Stablecoin Bill: a brilliant creation that combines bureaucratic itch and a longing for full centralization.

What they propose:

• Stablecoins? Only through licensed issuers.

And if you are a decentralized platform with an algorithm? Well, good luck in court, illegal.

• The Federal Reserve will approve all issuers. Because who understands Web3 better than elderly people who have been printing money since 1913?

• Algorithmic stablecoins? Banned — because... well, Terra collapsed, so all evil comes from them.

Irony:

Is your token 1:1 to the dollar? Good job, now you are no longer 'the people's money', but a digital photocopy of a bank account.

All that's left is to introduce a tax on every stablecoin sneeze — and DeFi will finally become DoA (Dead on Arrival).

The market, of course, reacted: some in panic, some in shock, and some simply switched back to meme coins — at least there, no one pretends to be serious.