2023-11-30 19:28 |
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists. origin »
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Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway.
2022-8-26 21:30 | |
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As Congress considers a path for nonbanks to be allowed to issue stablecoins, Nellie Liang, the U.S. Treasury Department’s undersecretary for domestic finance, says that’s fine with the agencies that once recommended issuers be regulated as banks.
2022-7-19 21:56 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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UK’s exchequer has just affirmed its vow to regulate stablecoins to create a healthy environment for stablecoin issuers and service providers, given the recent TerraUSD (UST) and Terra (LUNA) market crash.
2022-5-18 16:00 | |
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The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under […]
2022-5-13 13:39 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Bitcoin soars above $27,000 for the first time since last June amid a banking crisis in the U.S. There was more discussion on Silicon Valley Bank and FDIC position
The request for comment follows three reports from the Treasury discussing the future of payments, the impact crypto could have on consumers, and preventing crypto-related financial crime. Treasury Asks Public...
Treasury Secretary Janet Yellen said that while there are risks to digital assets, there could be significant opportunities. Treasury Shares Crypto Reports Six months after President Biden signed an executive...
Six people who used Tornado Cash for legitimate reasons had their funds frozen after the U.S. Treasury sanctioned the protocol. Theyre now filing a lawsuit, and Coinbase is funding them....
Coin Center has suggested that the Treasury’s Office of Foreign Assets Control overstepped its legal authority and is weighing a legal battle. Sanctioning Tornado Cash Were just over a week...
Coin Center has suggested that the Treasury’s Office of Foreign Assets Control overstepped its legal authority and is weighing a legal battle. Sanctioning Tornado Cash Were just over a week...