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US Treasury calls for urgent legislation on stablecoins
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the report note, related to the potential for destabilising runs, disruptions in the payment system, and concentration of economic power.“The absence of appropriate oversight presents risks to users and the broader system,” says Secretary of the Treasury Janet L. Yellen.
“Current oversight is inconsistent and fragmented, with some stablecoins effectively falling outside the regulatory perimeter. Treasury and the agencies involved in this report look forward to working with Members of Congress
. Read more on finextra.comAbout this in other media
Why a Fed official says stablecoins can match the stability of fiat currencies fnlondon.com /2 years ago
Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant cointelegraph.com /2 years ago
Acting OCC head calls for consolidated supervision for crypto firms cointelegraph.com /2 years ago
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