The backing for most stablecoins can't be independently verified. With exchanges both minting and pricing their own stablecoins, the conflict of interest shoul

The backing for most stablecoins can't be independently verified. With exchanges both minting and pricing their own stablecoins, the conflict of interest should be obvious. But this proposed law won't put an end to it. They can easily collude with one another to achieve the same results. Scams are as scammers do.