New Stablecoin Bill Eyes Investor Protections, AML Regime

By Aislinn Keely (April 17, 2024, 8:58 PM EDT) -- Sens. Cynthia Lummis, R.-Wyo., and Kirsten Gillibrand, D.-N.Y., have unveiled their long-awaited proposal to regulate stablecoins, which would require issuers to hold full reserves, ban algorithmic stablecoins and define the authority that state and federal banking regulators will have over the tokens....

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