The STABLE Act Architects Don’t Understand Ethereum | Crypto Briefing

Key Takeaways

  • U.S. Congress introduced the STABLE Act last week, in the hope of regulating Facebook’s Libra currency and other stablecoins.
  • The bill could make anyone running an Ethereum node liable for potential prosecution.
  • Following backlash from the crypto community, the STABLE Act’s architects have presented dubious arguments surrounding the technicalities of the blockchain.

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