Crypto stablecoin bill passes early Senate vote
How cryptocurrencies work
As cryptocurrencies and related technologies reach into politics, intertwine with the larger economy and impact the environment, everyone could use a sense of what they are and how they work.
The Senate voted this week to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure.
What are stablecoins?
Big picture view:
Stablecoins are a fast-growing corner of the cryptocurrency industry that have produced enormous profits for some of the major players involved.
They offer a buffer from cryptocurrency’s notorious volatility because they are pegged to real-world assets, like U.S. dollars or gold. Typically, that means a single…
