Posted inThe Chain

US stablecoin bill sparks innovation fears

A new US congressional bill would force stablecoin issuers to obtain bank charters and regulatory approval, sparking fears that fintech innovation could be stifled. Representatives Rashida Tlaib, Jesús “Chuy” and Stephen Lynch, all Democrats, introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday. Their press release said it would regulate stablecoins, identifying […]