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@Samkazemian have you seen this yet sir? https://www.theblock.co/post/288723/lummis-gillibrand-introduce-bill-prohibiting-unbacked-algorithmic-stablecoins-among-other-regulatory-frameworks?utm_source=tldrcrypto

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Yes, if this passes, it is the most bullish crypto bill to ever pass congress. Hopefully it passes this year. Major Frax catalyst if it does.

Good feedback from Austin Campbell if you havent seen his respons yet @Lyule67 : https://x.com/CampbellJAustin/status/1780599722388095421

Sam Kazemian ¤⛓️¤
Yes, if this passes, it is the most bullish crypto...

Are you not concerned about issuance regulation? It prohibits issuance by anyone that isn’t a bank. How would frax circumvent this issue?

Westwood
Are you not concerned about issuance regulation? I...

That is being misunderstood and purposefully used as misinformation. The only thing that bill defines is payment stablecoins. You only have to be regulated to issue that subset of a definition of a stablecoin.

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