US Senate bill would ban algorithmic stablecoins like Ethena USDe

Senators Kirsten Gillibrand and Cynthia Lummis released their much anticipated stablecoin regulation bill this week. Known as the Lummis-Gillibrand Responsible Financial Innovation Act, the bill aims to streamline the stablecoin industry and reduce the risks of another Terra collapse. Lummis-Gillibrand Responsible Financial Innovation Act The bill is highly comprehensive and includes several elements. For example, […]