US Republicans accuse Fed of stifling stablecoin regulation

US Republicans accuse Fed of stifling stablecoin regulation
фото показано с : btcmanager.com

2023-8-30 19:07

Republican lawmakers accuse Federal Reserve of hindering stablecoin regulation efforts through recent regulatory letters, raising concerns about its impact on digital asset market participation.

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Объем 24H $0
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Капитализация $0 Rank 99999
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stablecoin regulation accuse concerns raising letters impact

Источник: btcmanager.com

stablecoin regulation → Результатов: 126


Ex-Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption

Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding stablecoin regulation in the US.  In an interview with CNBC on Friday, August 11, Brooks, now a partner at Valor Capital Group, took a stance against stablecoins opposition in the US government, saying that a […]

2023-8-12 17:50


Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

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


Fed Chair’s Bullish Stablecoin Stance Clashes With SEC’s Cautious View – New Era For Tether?

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


Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing

Circle CEO Jeremy Allaire published a June 12 blog post featuring testimony that he plans to present to Congress regarding draft stablecoin regulation. Allaire urges for pro-U.S. stablecoin rules Allaire said in his prepared remarks: “The stablecoin bill is a crucial piece of legislation that should be the first step in creating a regulatory framework […] The post Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing appeared first on CryptoSlate.

2023-6-13 01:07


New Era For Crypto: Bipartisan Stablecoin Bill Emerges In US House Committee

As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collaboration, and a potential harbinger of comprehensive US crypto regulation. The bill is the result […]

2023-6-9 14:00


Фото:

Stablecoin bill: expert reaction varies from ‘benefit the digital token economy’ to ‘stifle innovation’

Stablecoin regulation in the US could require stablecoin providers to maintain reserves that would back their coin on “at least one-to-one basis. ” While major stablecoin entities like Tether (USDT) and USD Coin (USDC) already abide by this guideline, those that don’t risk a $1 million fee or up to five years in prison.

2023-4-20 20:11


A Botched Heist: A Look At The Sloppy $8.5M Hack On Platypus Protocol

Avalanche-based Platypus Protocol, an AMM that was less than two weeks into launching it’s new stablecoin USP, suffered an $8. 5M flash loan attack on Thursday. There’s plenty to talk about recently about stablecoins, but this story isn’t about regulation – but rather about community-issued enforcement and collaboration to rectify actions from the hack.

2023-2-18 02:18


CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework

The biggest news in the cryptoverse for Sept 16 includes the crypto community arguing that ETH could be considered a security post-merge, the Whitehouse releasing a framework for crypto regulation, United States banks pausing crypto lending plans amid challenging SEC guidelines, Celsius seeking approval to sell $23M worth of stablecoin assets.

2022-9-17 02:48


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