LUNA, LUNC investors may experience some distress due to this update

A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg’s latest version of the legislation, it would be illegal to create or issue new “endogenously collateralized stablecoins.”  With the cat out of the bag, how are the two infamous stablecoins holding up? Let’s […]