all Michael Barr Washington stablecoin regulation

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Michael Barr

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Fed’s Michael Barr Calls for Stablecoin Regulation in Crypto Oversight

Michael Barr Washington stablecoin regulation

09.03.2023 - 22:43

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wsj.com:

The Federal Reserve’s top banking regulator spotlighted stablecoins as a priority in Washington’s efforts to rein in crypto.

Widespread adoption of stablecoins without regulation could be a threat to financial stability, Michael Barr, the Fed’s vice chair for supervision, said Thursday. He called on lawmakers to create legislation addressing the cryptocurrencies.

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