Today news
About the same in other media
Crypto Community Smarts at US Regulators ‘Fear-mongering’ Stablecoins Report
Reading now: 303
A joint call from the United States Treasury Department, the Federal Reserve, and financial regulators for Congress to grant them power over stablecoins and their issuers has drawn a decidedly mixed reaction from the crypto community.
The government bodies, who produced the Report on Stablecoins from the President’s Working Group, appear to have made good on repeated pledges from the Securities and Exchanges Commission Chairman Gary Gensler. The latter has called stablecoins akin to “poker chips” at a “casino table,” and likened the scene to the “Wild West.”
In the report, the group wrote that “the rapid growth of stablecoins increases the urgency of this work.” They warned that “failure to act risks [the] growth of payment stablecoins
Read more on cryptonews.comAbout this in other media
Vector, One-Stop-Shop Crypto Trading Solution Changing the Game for Traders and Hodlrs Worldwide cryptonews.com /3 years ago
Impact of China’s Ban Minimal Again, Crypto Can’t Be Killed cryptonews.com /3 years ago
Transient Launches TSC-Core Mainnet to Bring the Power of Smart Contracts to Everyone cryptonews.com /3 years 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.
