United States Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) may have just introduced a new bill today to prohibit unbacked algorithmic stablecoins. Tagged the Lummis-Gillibrand Payment Stablecoin Act, the The post US Senators Introduced Bill To Prohibit Unbacked Algorithmic Stablecoins appeared first on BitcoinWorld .