2023-11-7 22:35 |
Michael Barr, vice chair for Supervision at the Federal Reserve, called for stronger stablecoin policies in the U.S. to protect investors and set up guardrails designed to address pressing issues.
Similar to Notcoin - Blum - Airdrops In 2024
|
Michael Barr called for a robust regulatory framework, preferably determined by Congress, to govern stablecoins. Moody's Analytics noted that the stablecoin market has shown increased stabilitThe post Federal Reserve VC calls for stablecoin regulation appeared first on AMBCrypto.
2023-11-8 17:30 | |
|
|
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.
2023-11-7 18:32 | |
|
|
Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC’s securities fraud lawsuit against it. Terraform Labs collapsed in May 2022 after its native token LUNA lost 99% of its value when the linked algorithmic stablecoin UST lost its peg to […] The post Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit appeared first on CryptoSlate.
2023-10-31 23:40 | |
|
|
Brazil’s Special Department of Federal Revenue, Receita Federal, has reported a bloom in stablecoin usage, particularly Tether-issued USDT. According to the report, USDT trading volume surpassed all cryptocurrencies combined recorded in 2022.
2023-10-31 19:00 | |
|
|
Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022.
2023-10-30 02:48 | |
|
|
Republican lawmakers accuse Federal Reserve of hindering stablecoin regulation efforts through recent regulatory letters, raising concerns about its impact on digital asset market participation.
2023-8-30 19:07 | |
|
|
Leading Republican House Financial Services Committee members have voiced deep concerns over recent actions taken by the Federal Reserve Board (Fed) that they believe undermine the progress made by Congress in establishing a regulatory framework for payment stablecoin.
2023-8-29 04:00 | |
|
|
Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve. Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of […] The post Republican lawmakers object to Fed’s proposed crypto, stablecoin rules appeared first on CryptoSlate.
2023-8-29 22:50 | |
|
|
The Federal Reserve took action against Farmington State Bank on Aug. 17, asserting the bank took on a stablecoin strategy without notifying supervisors or gaining approval. The U.S. government agency said that it approved Farmington’s application to become a bank holding company in 2020, at which time it imposed certain conditions on the bank and […] The post Federal Reserve shuts down Farmington Bank over unapproved stablecoin project appeared first on CryptoSlate.
2023-8-18 02:00 | |
|
|
The fintech giant’s PYUSD stablecoin has forced a rethink among Democratic policymakers who previously resisted federal legislation, says John Rizzo.
2023-8-17 22:42 | |
|
|
Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets.
2023-8-10 04:00 | |
|
|
US Federal Reserve unveils Novel Activities Supervision program to oversee banks’ crypto-related activities, emphasizing stablecoin safeguards. The initiative‘s main goal will be to supervise the banks’ activities related to cryptocurrencies, such as custody, lending, trading, and the issuance or distribution…
2023-8-9 13:47 | |
|
|
In a momentous move, the US House Financial Services Committee has taken a significant step forward in establishing a federal regulatory framework for stablecoins despite the fears of Elon Musk creating his own.
2023-7-28 08:45 | |
|
|
U. S. Federal Reserve Chair Jerome Powell’s bullish stance on stablecoins is notably at odds with the cautionary perspective of Securities and Exchange Commission (SEC) Chair Gary Gensler. The juxtaposition of these positions has sparked further discourse in the ongoing debate over the classification and regulation of cryptocurrencies.
2023-6-23 02:00 | |
|
|
Federal Reserve Chairman Jerome Powell reiterated the need of robust central-bank oversight in the ongoing development of stablecoin regulations by the House Financial Services Committee.
2023-6-22 00:59 | |
|
|
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing.
2023-6-22 21:15 | |
|
|
U. S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response to Congresswoman Maxine Waters asking whether stablecoin issuers should be licensed and regulated by the Fed during a June 21 hearing.
2023-6-21 18:24 | |
|
|
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
2023-6-22 18:22 | |
|
|
The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about Tether’s stablecoin, USDT. Anyone who has been active in the Bitcoin and crypto market for a while knows that rumors about USDT’s lack of backing are part of every bear market.
2023-6-15 15:05 | |
|
|
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
2023-5-12 00:41 | |
|
|
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
2023-4-26 03:10 | |
|
|
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins.
2023-4-19 01:29 | |
|
|
A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle placed under the Federal Reserve (Fed) oversight
2023-4-16 12:38 | |
|
|
A curated weekly summary of forward-focused crypto news that matters. This week, bitcoin rallies as doubt in the traditional financial system falters, a Federal judge challenges the SEC on unclear crypto communication, and the stablecoin ecosystem has another bout of shakiness.
2023-3-20 14:01 | |
|
|
A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New York and Silicon Valley Bank, Santa Clara, California, will have access to their money effective March 13, 2023. On March 13, 2023, the Bank of […]
2023-3-14 01:58 | |
|
|
Circle Internet Financial’s $3. 3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order.
2023-3-13 04:55 | |
|
|
US banking regulators warn of liquidity risks from crypto clients. Stablecoin reserves could experience large and rapid outflows, caution the Federal Reserve, FDIC, and OCC. The post US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks appeared first on BeInCrypto.
2023-2-24 20:42 | |
|
|
Federal government plans to examine crypto, which it said is "transforming financial systems" around the world.
2022-11-4 23:56 | |
|
|
Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an October 12 speech published on October 17. The post Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation appeared first on CryptoSlate.
2022-10-18 16:49 | |
|
|
The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
2022-10-4 20:32 | |
|
|
Jerome Powell, Christine Lagarde, Ravi Menon, and Agustn Carstens shared their thoughts on several topics, including DeFi regulation, stablecoins, and central bank digital currencies. Fed Chair Talks Stablecoins The Federal...
2022-9-27 17:19 | |
|
|
The U.S. Securities and Exchange Commission (SEC) filed and settled charges last week against Friedman LLP, the former auditing firm of stablecoin issuer Tether, finding “serial violations of the federal securities laws” and numerous instances of “improper professional conduct,” according to an order published Monday.
2022-9-27 20:22 | |
|
|
Democrats pushed for a provision directing the U.S. Federal Reserve to move forward on a digital dollar, but the negotiations concluded with a new directive for another Fed study in this year’s ongoing legislative effort to regulate stablecoins, according to a person familiar with the talks.
2022-9-21 17:57 | |
|
|
The cryptocurrency market, since its inception, has been open to doubt and speculation. Just recently, two U.S. Federal Reserve officials have asked for additional laws to be formed especially for staThe post Did Fed officials call for serious need of stablecoin regulations appeared first on AMBCrypto.
2022-9-9 20:30 | |
|
|
Hey folks. Monday was a federal holiday in the U. S. so we’re taking it easy today. Reporting from my colleague Jesse Hamilton suggests that stablecoin legislation we expected to see released this month may not be coming after all.
2022-9-8 20:30 | |
|
|
The biggest news in the cryptosphere for August 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the United States Dollar as the bear market continues.
2022-8-27 01:48 | |
|
|
Coindesk reported that an official of the U.S federal government hinted that the government is working with Congress on a stablecoin legislation that could become law by the end of the year. The post Biden administration official hints at stablecoin legislation that could come into force this year appeared first on CryptoSlate.
2022-7-1 08:40 | |
|
|
The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector.
2022-6-22 22:00 | |
|
|
Stablecoins pose a risk to the financial system due to their lack of transparency and often lack of safe reserves, according to a new Federal Reserve report. Federal Reserve Highlights...
2022-6-18 21:40 | |
|
|
The SEC is reportedly investigating whether Terraform Labs violated federal investor protection laws in how it marketed TerraUSD (UST) and Luna.
2022-6-10 19:59 | |
|
|
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S., given the growth of the market.
2022-5-11 19:34 | |
|
|
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs.
2022-5-10 00:51 | |
|
|
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon.
2021-11-5 23:20 | |
|
|
As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.
2021-10-4 18:00 | |
|
|
Janet Yellen, the Secretary of the US Treasury has said that it was imperative for regulators to establish a regulatory policy for stablecoins. Stablecoin Regulation a Priority for US Authorities Yellen’s statement was revealed in a readout of the meeting held on Monday (July 19, 2021).
2021-7-20 19:00 | |
|
|
Gary B. Gorton, a professor at Yale University, and Jeffery Zhang, a member of the Board of Governors of the Federal System, have proposed the supervision of stablecoins. They made this recommendation through a research paper, which they co-authored.
2021-7-20 16:41 | |
|
|
Boston Federal Reserve President Eric Rosengren notes that Tether could be a "disruptor" to short term credit markets.
2021-6-27 20:00 | |
|
|
USD stablecoins are created largely outside the dollar system and lack federal deposit guarantees. Investors should be careful.
2021-2-9 22:44 | |
|
|
U. S. Hiring for the Future The United States Federal Reserve (U. S. Fed) is looking for a Central Bank Digital Currency (CBDC) and stablecoin research manager. An advertisement, posted on LinkedIn, describes the position as a management role in the Digital Innovations Policy Program.
2021-1-31 21:33 | |
|
|
|
Аналог Notcoin - Blum - Играй и зарабатывай Монеты
|
Industry leaders Ivan Soto-Wright, CEO of MoonPay, and Nancy Beaton of Uphold highlight stablecoins as a transformative 'killer use case' for the crypto industry.
Hong Kong presents a stablecoin bill to solidify its digital asset regulatory framework. At a legislative council meeting on Dec. 18, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, presented a stablecoin bill in its second reading.…
BVNK, a stablecoin infrastructure platform founded in 2021, has announced it raised $50 million in its Series B funding round. The platform plans to use the funding to drive the next phase of its business growth, it said in a…
Ripple’s stablecoin RLUSD is live on major crypto exchanges, the U.S.-based crypto company has announced. The launch of the Ripple USD (RLUSD) stablecoin follows the official announcement of its highly anticipated unveiling on December 16. In that communication, Ripple stated…
Ripple’s U.S. dollar stablecoin will become available on the XRP Ledger and Ethereum blockchain starting Tuesday, Dec. 17.
Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund. USDtb operates similarly to other popular fiat-backed stablecoins like USD Coin (USDC) and Tether (USDT), with reserves held in cash or cash-equivalent assets at…
The Bank of England’s Prudential Regulation Authority has issued a data request asking firms to disclose their current and planned exposures to “cryptoassets.” The statement requested firms to disclose their current and expected future “cryptoasset exposures” and to explain their…