A Backdoor Regulatory Option Haunts U.S. Crypto

Date:

Share post:



A Backdoor Regulatory Option Haunts U.S. Crypto

The systemic-risk watchdog’s most recent mention of virtual assets came in its annual report last month, which again highlighted crypto as a potential emerging hazard to the health of U.S. finance. The regulators are especially concerned over stablecoins, the tokens matched to the value of steady assets such as the U.S. dollar, which are generally used as a means to buy and sell volatile digital assets. On the surface, the council’s calls for crypto legislation seem supportive of lawmakers’ aims. But the report again added a kind of warning. “The council remains prepared to consider steps available to it to address risks related to stablecoins in the event comprehensive legislation is not enacted,” it said. Basically: If you don’t act soon, we may.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Weekend Reading For Financial Planners (July 26–27)

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with...

How to Plan a Trip to Paris on a Budget, According to a Local

Travelers can enjoy Paris without overspending by timing trips for the off-season, booking early, and skipping touristy...

Bitcoin Price Reclaims $118K Liquidity as BTC Traders Hope For New Highs Next

Key takeaways:Bitcoin traders now turn their focus to higher levels after Friday’s $115,000 liquidity grab.Fundstrat’s Tom Lee...

Airlines With the Fastest Wi-Fi in 2025 (Ranked by Someone Who Works From 35,000 Feet)

1 This post may have affiliate links, where I may receive a commission if you purchase through them....
Verified by ExactMetrics