Brazil’s Bold Move: Stablecoins Get the Boot, and Criminals Get Cozy with Cellmates!
In an incredible display of legislative courage, the Brazilian government is advancing a law to ban algorithmic stablecoins like Ethena’s USDe. Apparently, lawmakers believe that digital money should actually contain something other than just hopes and dreams. This week, the Science, Technology, and Innovation Committee approved Bill 4.308/2024, which outlines exactly how stablecoins can be issued, traded, and monitored-not unlike giving a toddler a set of rules for playing with matches.








