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Will US regulators shake stablecoins into high-tech banks?
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Regulators around the world have been thinking seriously about the risks associated with stablecoins since 2019 but recently, concerns have intensified, particularly in the United States.
In November, the United States’ President’s Working Group on Financial Markets, or PWG, issued a key report, raising questions about possible “stablecoin runs” as well as “payment system risk.” The U.S Senate followed up in December with hearings on stablecoin risks.
It raises questions: Is stablecoin regulation coming to the U.S. in 2022? If so, will it be “broad stroke” federal legislation or more piecemeal Treasury Department regulation? What impact might it have on non-bank stablecoin issuers and the crypto industry in general? Could it spur a sort of
Read more on cointelegraph.comAbout this in other media
US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto cryptonews.com /2 years ago
Coinbase to Launch Crypto Derivates in US, While Lawmakers Urge CFTC to Beef up Crypto Regulation cryptonews.com /2 years ago
US banks form stablecoin consortium finextra.com /2 years ago
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