The bill, available on the committee’s hearing page, represents the first major piece of crypto legislation to move in 2023, and follows two key incidents over the past year involving stablecoins: the blowup of terraUSD (UST), which was backed by a token called LUNA, and the second-largest one, USD coin (USDC), temporarily becoming unmoored from $1.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/policy/2023/04/15/us-house-committee-publishes-draft-stablecoin-bill/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- 2023
- a
- and
- available
- backed
- becoming
- Bill
- by
- called
- Coin
- Coindesk
- committee
- crypto
- crypto legislation
- draft
- First
- follows
- from
- House
- House committee
- HTTPS
- images
- in
- jpg
- Key
- Legislation
- Luna
- major
- move
- of
- on
- ONE
- past
- piece
- plato
- Plato Data Intelligence
- PlatoData
- Publishes
- represents
- s
- second-largest
- stablecoin
- Stablecoin bill
- Stablecoins
- TerraUSD
- The
- to
- token
- u.s.
- USD
- USD Coin
- USD Coin (USDC)
- USDC
- UST
- which
- year
- zephyrnet
More from CoinDesk
Binance Registers in New Zealand and Opens Local Office
Source Node: 1708128
Time Stamp: Sep 30, 2022
Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback
Source Node: 2071556
Time Stamp: Apr 25, 2023
Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI
Source Node: 2140634
Time Stamp: Jun 20, 2023
U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg
Source Node: 2084016
Time Stamp: May 5, 2023
Coinbase Disables Mobile NFT Transfers, Citing Apple’s App Store Policies
Source Node: 1766590
Time Stamp: Dec 1, 2022
Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers
Source Node: 2496241
Time Stamp: Feb 26, 2024
On Bitcoin White Paper’s 15th Anniversary, Wall Street Threatens to Swallow Its One-Time Challenger
Source Node: 2357369
Time Stamp: Oct 30, 2023
Bitcoin Retakes $20K, Leading as Broad Crypto Rally Continues
Source Node: 1895955
Time Stamp: Jan 13, 2023
FTX, Congress, Stablecoins: What 2023 May Bring for Crypto Regulations
Source Node: 1861408
Time Stamp: Dec 30, 2022
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
Source Node: 2006040
Time Stamp: Mar 11, 2023
Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move
Source Node: 2404265
Time Stamp: Nov 29, 2023