Stablecoins


Финансы

‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu

“There is some risk that folks who are least able to bear it lose their money,” the acting comptroller of the currency warned on CoinDesk TV Monday.

Acting Comptroller of the Currency Michael Hsu on CoinDesk TV.

Видео

FTX.US CEO on Total Crypto Market Cap Topping $3T as Bitcoin Breaks $66K, Ether Hits All-Time High

As bitcoin breached $66,000 and ether hit another new all-time high of $4,700, the overall market cap of all cryptocurrencies topped $3 trillion Monday. Still, bitcoin’s dominance continues to decline. Brett Harrison, president of crypto exchange FTX.US, discusses his crypto market update and outlook and shares insights into stablecoin regulation.

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Политика

US Stablecoin Report Gets Mixed Reviews From Crypto Industry

Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.

“The crypto industry is trying to walk a fine line between benefiting from the legitimacy provided by government oversight while trying to stay clear of extensive and intrusive regulation," says one academic. (Art Institute of Chicago)

Видео

Circle CEO Jeremy Allaire on Impact of Biden Administration’s Stablecoin Report

The President's Working Group on Financial Markets (PWG) released a report and recommendations on stablecoins, urging lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. Jeremy Allaire, CEO of stablecoin USDC issuer Circle, discusses the report's potential impact on his firm, USDC, and stablecoin regulation.

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Рынки

How Yield Farming on Curve Is Quietly Conquering DeFi

Where does Curve’s yield come from and how is it 100 times higher than many rates offered in traditional markets?

(Peter Zelei Images/Moment/Getty Images)

Видео

Biden Administration: Stablecoins Should Be Regulated Like Banks

The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.

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Политика

The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How

The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.

U.S. President Joe Biden (left) and Treasury Secretary Janet Yellen (Chip Somodevilla/Getty Images)

Политика

Why Stablecoin Regulation Isn’t ‘Urgent’

The risks are real, but today’s report looks like a power grab.

WASHINGTON, DC - OCTOBER 06: U.S. Treasury Secretary Janet Yellen (C) listens to President Joe Biden during a hybrid meeting with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Each of the meeting participants spoke in dire terms about the negative national and global economic reaction to Congress failing to raise the limit and the U.S. defaulting on its debt. (Photo by Chip Somodevilla/Getty Images)

Политика

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

If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.

LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)