United States: Will this new bill ban Terra-like stablecoins for 2 years

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currently being drafted in the U.S. House. Controlling the Stablecoin segment The bill would make it illegal to develop or issue new “endogenously collateralized […]