I've previously named Tether "rat poison" and I hope they are regulated/banned. Tether is an easy problem to "solve", and imho, should fall under existing regu

I've previously named Tether "rat poison" and I hope they are regulated/banned. Tether is an easy problem to "solve", and imho, should fall under existing regulation. However, I would love to see an explanation on how the treasury recommendation of regulating stablecoins as banks should apply to (what I see as beneficial) "algorithmic"/DAO stablecoins. The treasury's continued omissions, ignoring the real elephant in the room Maker, will only confuse regulators instead of addressing the "hard problem" of Maker. There are gorging differences between a centralized and "trusted" service like Tether and the algorithmic, automatic, decentralized, and trustless Maker.