The Ever-Dwindling Chances for a Stablecoin Law in the US

Wednesday, 24 April 2024, 01:30
Last week, U.S. Senators Cynthia Lummis and Kirsten Gillibrand introduced a joint bill focusing on the regulation of stablecoins in the United States. This bill represents the continuous effort to address the regulatory concerns surrounding stablecoins within the US legislative landscape. However, questions arise regarding the bill's effectiveness and whether it can provide a comprehensive framework for stablecoin regulation.
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The Ever-Dwindling Chances for a Stablecoin Law in the US

US Senators Address Stablecoin Regulation

Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front - but is it enough?

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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