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Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing
24.11.2021
The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms
US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’
24.11.2021
Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them....
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Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
18.11.2021
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks...
USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
12.11.2021
"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said
If Stablecoins Are Going to Be Regulated Like Banks, They Should Enjoy All the Benefits
11.11.2021
The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within...
Biden Admin weighing bank-like regulation for stablecoin issuers
1.10.2021
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports
US federal regulators set new expectations for stablecoin issuers
23.12.2020
The President's Working Group has not said anything revolutionary, but does establish some new clarity
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
2.12.2020
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S
US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator
22.9.2020
The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded...
Stablecoin Issuers Be Warned: New York AG’s Arm Is Long
25.7.2020
New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court
FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What
19.11.2019
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco