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U.S. House Legislation Looks To Place Two-Year Ban On UST-Like Stablecoins

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Are stablecoins in the sights of U.S. regulators?

The decline of Terra Luna and it’s UST (and correlating LUNA) token earlier this year brought along plenty of fanfare. It’s full damage and implications, however, have clearly yet to be established; a new draft of a U.S. House bill is proposing a two-year ban on stablecoins similar to Terra’s UST stablecoin.

UST depegged
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