Today news
About the same in other media
09.12 - 17:39
US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’
Reading now: 361
Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them.
The Democrat Senator Sherrod Brown, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to the USD coin (USDC) mastermind Circle, with similar letters also sent to Coinbase, Gemini, Paxos, TrustToken (PAX), Binance.US and Centre.
The letters made a number of requests of the entities. In the case of the letter to Circle, it included the following:
“Please describe the basic purchase, exchange or minting process[es] by which customers can acquire USDC for USD. In
Read more on cryptonews.comAbout this in other media
Japan's financial regulators may propose legislation in 2022 restricting stablecoin issuance cointelegraph.com /3 years ago
‘Federal agencies should answer questions’ about crypto regulations, says U.S. Senator ambcrypto.com /3 years ago
Can stablecoin US dollars cause ‘every currency other than top dozen to collapse’ ambcrypto.com /3 years ago
Show more
The website gocryptonft.com 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.
