Biden Administration to Congress: Put Stablecoins Under Federal Supervision or We Will

cryptocurrency 2 months ago

In a highly anticipated report released Monday, a group of U.S. regulators from the President's Working Group on Financial Markets urged lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. The group also identified three main risks of stablecoins. CoinDesk's Nikhilesh De discusses the report's key takeaways and the implications for stablecoin regulation.
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