Today news
About the same in other media
ABA calls on lawmakers to regulate stablecoin issuers like banks
Reading now: 195
finextra.comOn Thursday, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion debated two bills on stablecoin regulation, one brought by committee chairman Patrick McHenry and the other by ranking member Maxine Waters. The ABA says that while it supports parts of both bills, they fall short in several areas.
Specifically, McHenry's does not include financial stability as a factor that regulators must consider when evaluating payment stablecoin issuer applications. In addition, both bills offer a lack of public disclosure for issuers or requirements for third-party audits of reserves.
Read more on finextra.comAbout this in other media
Japanese Stablecoin Ban Lifted, Banks Prepare Move cryptonews.com /1 year ago
Former House Rep blames industry outsiders for associating crypto with bank's failure cointelegraph.com /1 year ago
Hong Kong and UAE Central Banks Join Forces on Crypto Regulations cryptonews.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
