draft bill – Miami Crypto Coin

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‘Secretly circulating’ draft crypto bill could be a ‘boon’ to DeFi

Post author:MiamiCrypto
Post published:October 20, 2022
Post category:cftc crypto laws DCCPA defi bill defi exchange laws digital commodities draft bill leaked bill United States US Congress

A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”

Draft US stablecoin bill would ban new algo stablecoins for 2 years

Post author:MiamiCrypto
Post published:September 21, 2022
Post category:algorithmic Stablecoins Crypto crypto laws draft bill house of reps Legislation stablecoin regulation SUSD Terra United States US US Dollar UST Virtual Currency virtual dollar

It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price.