What’s in the House Financial Services Committee’s Stablecoin Bill?

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The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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