US Senators: Facebook’s Libra, Stablecoins are Securities Under Existing Law

On November 21st 2019, a bipartisan group of US Senators proposed a new bill, titled the “Management Stablecoins are Securities Act of 2019”. If approved, the legislation would make ‘managed stablecoins’ — to include Libra — securities, and subject to a number of additional regulatory hurdles. The New US Legislation Claiming Libra is a Security … Continue reading US Senators: Facebook’s Libra, Stablecoins are Securities Under Existing Law