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New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment  - Crypto Renegade
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which could have si