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What does the U.S Congress JEC think about Tether and Co.
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ambcrypto.comThe U.S Joint Economic Committee (JEC) held a hearing titled “Demystifying Crypto: Digital Assets and the Role of Government” on 17 November. The agenda? Exploring the “regulatory, policy and economic concerns posed by digital assets.”
In his opening statement, JEC Chair Don Beyer commented,
“Increased crypto-market volatility or a digital bank-run could disrupt more mainstream financial institutions like pension funds or mutual funds.”
In saying so, Beyer also pointed out that the underlying assets raise consumer protection concerns due to “financial fraud, hacks, and market manipulation.”
Additionally, the meeting pushed for more enforcement and “regulatory scrutiny for stablecoins like Tether and the platforms where they are used.”
Earlier
Read more on ambcrypto.comAbout this in other media
Stablecoin giant Tether sheds no new light on crypto reserves economictimes.indiatimes.com /3 years ago
Executives from Coinbase, FTX, Circle, and other crypto firms are set to testify before Congress next week markets.businessinsider.com /3 years ago
Web 3.0 and crypto adoption: Why is it more important than you think? economictimes.indiatimes.com /3 years ago
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