2024-10-24 18:48 |
The U.S. central bank would be conflicted, because stablecoins compete with the Fed's payments infrastructure and with potential CBDCs.
Similar to Notcoin - Blum - Airdrops In 2024
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The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
2024-10-19 22:37 | |
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The Fed is likely to cut rates later Wednesday, starting the so-called liquidity easing cycle.
2024-9-20 17:57 | |
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Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
2023-10-18 19:05 | |
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Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
2023-10-17 19:05 | |
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Michael Barr, a high-ranking official at the US Federal Reserve, expressed concern over the growing use of “unregulated” stablecoins pegged to the dollar. Many popular stablecoins are designed to mirror the value of the USD.
2023-9-9 04:00 | |
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Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
2023-9-9 22:30 | |
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Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating…
2023-9-8 20:00 | |
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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 | |
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In a recent testimony before the House Committee on Financial Services, Federal Reserve Chair Jerome Powell emphasized the importance of a robust federal role in the oversight and regulation of stablecoins.
2023-6-22 16:00 | |
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Within Fed Chair Jerome Powell’s recent congressional appearance is regulatory signaling with large implications for stablecoins, the dollar, CBDCs and bitcoin.
2023-6-22 00:26 | |
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Powell testified before the House Financial Services Committee today. He discussed a range of topics around digital assets on Wednesday. Bitcoin surpassed the $30,000 level today for the first in two months.
2023-6-22 22:34 | |
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Bitcoin’s price surged to $31,000 as a handful of BTC spot ETF applications and Fed Chair Jerome Powell’s views on stablecoins appear to have improved crypto investors’ view of the market.
2023-6-22 22:11 | |
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In the course of testimony on Wednesday before the House Financial Services Committee, Fed Chair Jerome Powell acknowledged that stablecoins are money. He implicitly praised their role as a hedge in a time of persistent inflation.
2023-6-22 20:16 | |
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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 | |
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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 | |
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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 | |
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The U. S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry. Barr stated that regulation must be a deliberative procesThe post U.
2023-3-10 15:17 | |
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Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve research advisor, Antoine Martin, said that stablecoins offer central banks a potential…
2022-11-24 00:30 | |
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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 | |
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Federal Reserve (Fed) Chairman Jerome Powell has spoken at the Conference on Opportunities and Challenges of the tokenization of finance, hosted at the Louvre by the Banque de France. In his comments, the Fed chairman addressed the current “DeFi winter,” the utility of stablecoins, and reiterated that a dollar-based central bank digital currency was still … Continued The post Central Banks Will Always Be Source of Trust in Money, Says Fed Chair appeared first on BeInCrypto.
2022-9-28 20:30 | |
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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 | |
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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 | |
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Michel S. Barr, the Fed Vice Chair for Supervision, says that the regulation and oversight of stablecoins and other private money, if unregulated, could pose financial stability risks to the US economy.
2022-9-16 17:52 | |
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The crypto market experienced a significant crash compared to the previous year. The reason for this was the FED’s interest rate decisions and global hyperinflation. Many individual and institutional investors started turning to stablecoins to protect against increasing inflation.
2022-8-12 20:00 | |
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Companies issuing stablecoins would have to deal with the Federal Reserve as the chief oversight agency in the current version of a bill being developed in the U. S. House of Representatives, say people familiar with the talks.
2022-7-28 15:30 | |
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Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
2022-7-14 00:25 | |
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The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system.
2022-7-7 06:26 | |
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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 | |
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“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," said the Fed report.
2022-6-18 00:15 | |
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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 | |
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The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system.
2022-5-27 23:18 | |
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A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday.
2022-5-27 18:42 | |
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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 | |
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Fed minutes are indicative of a plan to aggressively raise rates. Fed officials during the meeting also expressed concern over cryptocurrencies and stablecoins. Analysts are unsure of how this development may impact the cryptocurrency markets.
2022-2-20 17:13 | |
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Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?
2022-1-21 19:41 | |
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On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC).
2022-1-14 17:46 | |
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In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded “No, not at all.
2022-1-13 20:00 | |
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Cryptocurrencies do not pose serious risks to financial stability, and stablecoins, if properly regulated, could become a useful part of the financial system, said US Federal Reserve Chairman Jerome Powell.
2021-12-18 17:12 | |
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Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary.
2021-12-2 22:15 | |
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Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins.
2021-11-23 21:15 | |
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Feds rank crypto stability threat between U.S.-China tensions and climate change
2021-11-9 04:47 | |
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Meanwhile, Bank of Japan Governor Haruhiko Kuroda showed concerns towards stablecoins which are “closely linked to the central bank currency,” as they could have “some impact on the financial system.
2021-10-4 16:08 | |
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Jerome Powell did say that stablecoins are “outside the regulatory perimeter” and need to be regulated. The post The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair first appeared on BitcoinExchangeGuide.
2021-10-1 16:26 | |
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U.S. Federal Reserve Chairman Jerome Powell said he has no intention to ban cryptocurrencies. He also stated that stablecoins should be regulated. The post Fed Chairman Powell: No Crypto Ban, but Regulation Necessary appeared first on BeInCrypto.
2021-10-1 09:19 | |
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The United States will not follow the example of China in imposing an outright ban on cryptocurrencies but is looking at regulating stablecoins, the Fed Chairman said on Thursday. The Fed Has “No Intention” Of Banning Cryptocurrencies The United States Federal Reserve does not intend to ban all cryptocurrency transactions, the chairman Jerome Powell emphasized […]
2021-10-1 01:29 | |
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A crypto supporter, Wyoming Senator, has concerns about stablecoins not being fully backed “in a transparent manner. ” Meanwhile, the Fed chair acknowledges they shouldn’t wait too long on CBDC as “there is a sense of urgency” in terms of digital currencies.
2021-9-30 17:37 | |
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While stablecoins could serve as an attractive payment instrument that could become a major challenger to banks for processing payments, Christopher J. Waller believes, “there are many legal, regulatory, and policy issues that need to be resolved before they can safely proliferate.
2021-8-7 16:09 | |
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Written by a Professor of Finance from Yale School of Management and an attorney at the Federal Reserve System, wants regulators to take a lesson from history, the Free Banking Era because the central bank must have a “monopoly on money issuance.
2021-7-20 16:07 | |
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Bitcoin continues its recovery from the China mining debacle, but price action remains delicate in a low-volume market.
2021-7-19 11:51 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Venture Capitalist Nic Carter criticizes Minneapolis Federal Reserve President Neel Kashkari for his remarks on how crypto is “almost never” used outside of illicit activity, even though the data tells a different story. In an X post on Oct. 22,…
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls.
Coinshare’s latest report shows that the crypto market experienced its second consecutive week of inflows, in part due to the Federal Open Market Committee’s decision to cut interest rates for the first time since 2020. In Coinshare’s Sept. 23 research…
CoinShare’s latest report shows that the crypto market experienced its second consecutive week of inflows, in part due to the Federal Open Market Committee’s decision to cut interest rates for the first time since 2020. In CoinShare’s Sept. 23 research…
Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K Ethereum and Solana have also surged, reflecting a broader crypto market rally Caution remains due to economic uncertainties and potential regulatory issues Bitcoin’s (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points.