Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line.
The crypto exchange's CEO is also willing to buy bitcoin for his company depending on the price.
Though regulators called for issuers to be regulated as banks last year, Nellie Liang argues the category is wider than it might seem.
The key legislation that could open a path for stablecoin rules isn’t expected to stick to regulators’ recommendation to insist only banks put out tokens.
The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.
The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
Though critics of a central bank digital currency have warned it could amplify bank runs, the Office of Financial Research says it may actually help.
Lael Brainard argumentó que se necesita una regulación agresiva para el sector antes de que las cosas se salgan de control.