BTCC
/
BTCC Square
/
decryptCO
/
Senate Stablecoin Bill Gains Traction—Here’s What’s in the New Draft
Senate Stablecoin Bill Gains Traction—Here’s What’s in the New Draft
Washington finally moves the needle on crypto regulation—just as Wall Street starts eyeing stablecoins for their own profit pipelines.
Key provisions in the draft:
- Federal oversight claws back power from states, putting the Fed in charge of non-bank issuers
- Reserve requirements get teeth: 100% backing with cash or Treasuries (sorry, ’algorithmic stablecoin’ gamblers)
- Two-year moratorium on Terra-style ’stable’ coins that aren’t actually stable
Of course, the bill still lets banks hoard the real prize—acting as issuers while keeping decentralized players on a tight leash. Because nothing says ’innovation’ like protecting legacy financial intermediaries.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!
Previous
Bitcoin Depot Stock Surges After Q1 Revenue Jumps 19%—Turns Out Crypto ATMs Still Print Money
Next
DeGods Founder’s Wallet Drained in Suspicious Exit—Just Another Day in Web3 Finance