New bill proposes US Treasury to have full authority over fiat stablecoins

Cointelegraph

Published Jul 30, 2021 06:29AM ET

Updated Jul 31, 2021 08:20AM ET

A new bill introduced by United States Representative Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board.

Entitled "The Digital Asset Market Structure and Investor Protection Act of 2021," the bill touches on virtually all the important gray areas that continue to exist regarding cryptocurrencies in the U.S. context.

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