US Regulators Propose Stablecoin Crack Down With STABLE Act

A new bill by US lawmakers has DeFi up in arms after proposing that all stablecoin issuers need to obtain a bank charter, which would potentially make much of DeFi trading and even running an Ethereum node, illegal.  “It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any…

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