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