A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for its potential to stifle innovation and violate First Amendment rights. The bill includes a provision banning all “algorithmic payment stablecoins,” which could have significant implications for software developers and the broader tech community. Lummis-Gillibrand Stablecoin bill criticized (…)
New Stablecoin Bill Faces Criticism for Stifling Innovation and Violating the First Amendment
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