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Digital Dollar
Why Congressman Tom Emmer Wants to Limit the Fed’s Ability to Issue Digital Dollar
Congressman Tom Emmer (R-MN) shares insights into his new bill aimed at prohibiting the Federal Reserve from issuing a CBDC directly to individuals. This comes after the Fed has just released a white paper on the digital dollar.
US Lawmaker Proposes Bill to Prohibit Fed From Issuing CBDCs Directly to the Public
Rep. Tom Emmer (R-MN) has introduced a bill aimed at preventing the Federal Reserve from issuing a central bank digital currency (CBDC) directly to U.S. consumers. "The Hash" hosts break down the proposal and what it could mean for crypto regulation in the potential issuance of a digital dollar.
Pro-Crypto Senator Lummis Says Stablecoins Should Be Audited
A full audit would be more rigorous than the attestations the coins’ two top issuers have produced.
Kraken to Pay $1.25M Fine After Settling Charges With CFTC
Crypto exchange Kraken will pay $1.25 million to settle charges with the Commodity Futures Trading Commission (CFTC). It offered illegal margined digital asset transaction services and did not register as a futures commodity merchant (FCM) with the regulatory agency.
Digital Dollar Needs Legislative Support, Fed Chair Says
The issue of CBDCs and financial privacy were featured during Tuesday’s contentious Senate Banking Committee hearing.
EY Exec.: Gensler’s Aspen Speech a ‘Bullish Signal’ for DeFi
Paul Brody, Global Blockchain Leader at Ernst & Young, responded to SEC Chair Gary Gensler’s speech at the Aspen Security Forum, saying it signals bullish momentum for DeFi on the blockchain ecosystem. Plus, his take on the future of stablecoins, digital dollar, and crypto regulation.
Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Atlantic Council: 81+ Countries Exploring CBDCs, US ‘Furthest Behind’
The Atlantic Council has launched a central bank digital currency (CBDC) tracker, database, and interactive toolkit. The number of countries exploring CBDCs has more than doubled to 81 over the past year. The American think tank cautions the U.S. is “furthest behind” on CBDC development.
Hester Peirce on SEC’s Role in Crypto Regulations, Stablecoins, CBDCs
Responding to Sen. Elizabeth Warren urging the SEC to figure out its role in crypto regulation, SEC Commissioner and “Crypto Mom” Hester Peirce clarifies what the SEC can and cannot do. “There is an awakening in D.C. now realizing that crypto is here to stay,” Peirce said.
Market Wrap: Bitcoin Slides Toward $30K, Looks ‘Fragile’
Federal Reserve Chairman Jerome Powell testified before the U.S. Senate, about inflation and the possible rollout of a digital dollar.
