Coin Center founder: New stablecoin bill draws criticism for stifling innovation and violating the First Amendment
2024-04-20 21:42:02
According to Jerry Brito, founder of cryptocurrency policy advocacy group Coin Center, a new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand to regulate stablecoins has drawn criticism for potentially stifling innovation and violating First Amendment rights. The bill includes a provision banning all "algorithmic payment stablecoins," which could have major repercussions for software developers and the broader tech community.
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