Senate Passes Stablecoin Regulation Bill
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stablecoinsYahoo Finance
•Business
Business & Economics
Crypto scores a victory as stablecoin legislation stays alive in Senate

73% Informative
Stablecoins are cryptocurrencies pegged to other assets, such as the US dollar, but they would not be protected by any sort of deposit insurance — as bank accounts are.
The bill still faces hurdles by some Democrats including Sen. Elizabeth Warren , who argued against the proposed legislation on the floor of the Senate Monday night .
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