Browsing: Cryptocurrency

Newsbytes GOP lawmakers skeptical on merits of CBDC in letter to Fed

A group of Republican lawmakers led by House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) this week urged the Federal Reserve to carefully examine whether the benefits of creating a central bank digital currency would outweigh the risks of doing so.

Payments ABA, groups: more clarity needed on Fed payments system access proposal

As the Federal Reserve continues to consider which entities may become eligible for access to its payments systems, ABA and a coalition of trade groups called for the Fed to clarify how it will address problems of institutions with novel charters—such as state-chartered non-depository banks and crypto firms—seeking access.

Newsbytes Hsu advocates for bank-like regulation for stablecoins

Acting Comptroller of the Currency Michael Hsu called for establishing an “intentional architecture” for stablecoins that would focus on “stability, interoperability and separability,” and also take into account privacy, security and the need to prevent illicit finance.

1 6 7 8 9 10 15