New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
Submitted by Anonymous (not verified) on Sun, 04/21/2024 - 00:50
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which could have significant implications for software developers and the broader tech community. Lummis-Gillibrand Stablecoin Bill Criticized […]