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U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers
7.11.2023
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation
Fed Reserve Official Michael Barr Calls for Stablecoin Regulation
28.10.2023
US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins. According to Federal Reserve Vice Chair for Supervision Michael Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government. Presenting...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
8.9.2023
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...
'How did this happen' — Powell says Fed stumped over the collapse of SVB
23.3.2023
In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”
US Fed to create new crypto team amid concerns about unregulated stablecoins
10.3.2023
The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system
US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr
9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
3.3.2023
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators
US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier
7.9.2022
Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official
US Senate confirms Michael Barr as Fed vice chair for supervision
13.7.2022
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
13.7.2022
Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve
Former Ripple advisor set to become Comptroller of the Currency: WSJ
21.1.2021
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency
Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ
21.1.2021
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency