Today news
About the same in other media
Biden Administration Targets Stablecoin Digital Currency for Banklike Oversight
Reading now: 560
WASHINGTON—The Biden administration on Monday took the first significant step to impose banklike oversight on the cryptocurrency companies involved in the issuance of stablecoins, outlining a process that could shape the future of that digital money.
A Treasury-led panel recommended that Congress impose a new regulatory framework around stablecoins—digital currencies pegged to national currencies like the U.S. dollar—and limit the issuance of such digital assets to banks. The legislative request is a tall order given both chambers of Congress are narrowly divided.
Read more on wsj.comAbout this in other media
Tesla, Toyota Accuse Biden’s EV Tax Credit of Putting Unions Over the Environment wsj.com /2 years ago
Biden's pick for bank regulator faces rocky Senate hearing over unorthodox research ideas cnbc.com /2 years ago
Biden Signs $1 Trillion Infrastructure Bill Into Law wsj.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
