Pat Toomey, the Senate Banking Committee’s senior Republican, said algorithmic stablecoins may not pose a risk to the financial sector the same way fully reserved asset-backed stablecoins might on Wednesday, as TerraUSD (UST) continued to languish far below the dollar peg it was designed to track.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...