Beanstalk is hoping its revamped launch will help buoy issues pertaining to its security and trust following a major hack in April.
DeFi applications’ value will follow the stablecoin issuers, while PoW-forked versions will collapse, dooming an independent PoW chain to irrelevance
The bill was originally slated to be introduced last week, but Republicans and Democrats are still going back and forth on key issues
Draft text for a bipartisan stablecoin bill could reportedly be delayed until after Congress’ August recess
The news comes as regulators around the world continue to consider how to deal with the aftermath of TerraUSD’s collapse
The UK’s bill, introduced to parliament on Wednesday, follows the EU’s approach to regulating stablecoins while repealing union-era law
The guidance comes shortly after the European Central Bank (ECB) released a report on stablecoins and financial stability
Michael Barr will influence policy on cryptocurrencies and stablecoins, alongside serving as a top banking watchdog