New Bill Suggests Stable Currencies Should be Regulated by the SEC

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Stable currencies are all the rage as of late. Given the price volatility of many mainstream cryptocurrencies such as bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and bitcoin cash (BCH), some are looking for new ways to ensure their safety while also investing in digital currencies, and now it looks like stable currencies are about to get a big regulatory boost. Could a New Bill Make Stable Currencies Mainstream? A new bill has been opened in Congress called the “Stable Coins Are Securities Act of 2019.” The bill seeks to ensure that stable coins are regulated by the Securities and Exchange Commission (SEC). This is a major jump from the step taken by Senator Joe Manchin – a democrat from West Virginia – when he asked that bitcoin be banned in 2014. Now, not only has Congress seemingly accepted the presence of digital currencies – they’re also looking to ensure the…

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