Stablecoin Bill Spells ‘Huge Disaster’ for Consumers, American’s Allen Says

As Congressional stablecoin legislation designed to legitimize and clarify many aspects of the mostly fiat-backed coins moves along, it’s drawing cheers from the crypto industry — and criticism from the traditional finance world.

Apr 22, 2024 - 21:42
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Stablecoin Bill Spells ‘Huge Disaster’ for Consumers, American’s Allen Says
As Congressional stablecoin legislation designed to legitimize and clarify many aspects of the mostly fiat-backed coins moves along, it’s drawing cheers from the crypto industry — and criticism from the traditional finance world.

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