Terra LUNA Price Drops As House Bill May Ban Stablecoins ‘Like TerraUSD’

The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years.
Bloomberg, which obtained a copy of the proposed stablecoin bill, reported:
Stablecoin legislation being drafted in the House would place a two-year ban on crypto coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year….
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