New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment

by CryptoExpert

April 20, 2024

in Regulation

New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment

A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which could have significant implications for software developers and the broader tech community. Lummis-Gillibrand Stablecoin Bill Criticized […]

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Tags: Bitcoin

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