While its final version is still very much unclear, the draft stablecoin bill in the United States House of Representatives would reportedly place a two-year ban on algorithmic stablecoins for two years, while allowing banks and nonbanks to issue stablecoins. According to Bloomberg, the latest version of the bill would make it illegal to issue or create new “endogenously collateralized stablecoins,” adding that:...Read More: Stablecoins Regulation Looms Large in Bill Before US Congress – Algo Versions Face Ban
