U.S. Treasury Secretary Janet Yellen announced that a powerful group of federal financial regulators will meet next week to discuss stablecoins. stablecoin operators don’t have a clear federal regulator to answer to in the U.S., instead dealing with state-by-state charters and licenses. Regulation of stablecoins seems to be growing more prominent in the U.S. Federal Reserve Chairman Jerome Powell told a Senate subcommittee that proper regulation of stablecoins would be a “more direct solution” to U.S. payments than the Fed’s issuance of a central bank digital currency.
Co-Host: Lisa Francoeur
#USDC #Stablecoins #Cryptocurrency
~U.S. Digital Dollar vs Cryptocurrency | Stablecoin Regulation Coming Soon~
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