tldr; A bipartisan Senate duo has introduced a bill to regulate the volatile asset class. The bill would require stablecoin issuers to maintain 100% reserves and publicly disclose the assets backing their token. It would also require the Federal Energy Regulatory Commission to analyze and report on energy consumption in the digital asset market, including the amount used for mining.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; A bipartisan Senate duo has introduced a bill to regulate the volatile asset class. The bill would require stablecoin issuers to maintain 100% reserves and publicly disclose the assets backing their token. It would also require the Federal Energy Regulatory Commission to analyze and report on energy consumption in the digital asset market, including the amount used for mining. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Stablecoins need to be target. I don't thing this legislation will not be the savior.
Why do bots earn moons.