Terra could leave a similar regulatory legacy to that of Facebook’s Libra
Cointelegraph
Published Oct 02, 2022 09:03AM ET
Updated Oct 02, 2022 10:40AM ET
New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).
The proposed legislation would require the Department of the Treasury to conduct a study of stablecoins similar to UST in collaboration with the United States Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission.
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Written By: Cointelegraph
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