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News related to Crypto / Re: The STABLE Act: A Threat to Tether, Stablecoins, and the Future of Altcoins?
« on: March 11, 2025, 11:47:52 PM »
This proposed bill would create significant turbulence in the industry. Such legislation would severely harm the stability of both Tether as well as other stablecoin providers operating exclusively through insured banking institutions. The implementation of this bill would create significant trading challenges for altcoins since they operate through stablecoins. The interpretation about this bill depends on your standpoint as it defends stability for some while others view it as retrogressive for innovative growth.