Crypto Reacts to the Lummis-Gillibrand Stablecoin Bill
The Breakdown
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Regulation and Designation of Stablecoin Issuers in the US
Analyzing the provisions of a bill discussing stablecoin regulation in the US, prohibiting algorithmic stablecoins, mandating reserves and AML compliance, and designating specific entities for issuing stablecoins. Contrasts with the House bill by treating stablecoin issuers as banks and addressing insolvency through the FDIC, showing a comprehensive approach to regulating stablecoins for the digital era.
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