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US lawmakers edge closer to rules for stablecoins
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WASHINGTON — US lawmakers moved closer to a bipartisan agreement on new legislation that would regulate so-called stablecoins as part of efforts to impose basic safeguards on volatile cryptocurrency markets.
The potential deal would mark the first significant step to apply tougher rules on an industry that developed with virtually no regulation. Biden administration officials and a bipartisan group of lawmakers worry that current laws don't provide comprehensive standards for the new assets and have warned of potential risks...
Read more on fnlondon.comAbout this in other media
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Pain ahead for algorithmic and non-cash backed stablecoins: IMF director cointelegraph.com /2 years ago
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