BIS: Stablecoins fail as ‘sound money’
Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary ...
Tag: Digital assets
Fannie, Freddie directed to consider allowing cryptocurrency for mortgages
Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to prepare proposals to allow cryptocurrency to ...
ABA’s Ybarra: Stablecoin regulation must not undermine the banking system
Establishing a robust regulatory framework for stablecoin that integrates with, rather than disintermediates, the banking industry is critical to ensure ...
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Senate votes to advance stablecoin bill
A bill to create a regulatory framework for payment stablecoins cleared a key procedural hurdle after several Democrats joined Republicans ...
Acting Comptroller Hood outlines OCC priorities
In a recent speech, Acting Comptroller Rodney Hood outlined his top priorities for the OCC, including efforts to promote financial ...
Stablecoin legislation hits roadblock in Senate
A bill to create a regulatory framework for stablecoins stalled in the Senate after it failed to generate enough votes ...
OCC clarifies bank authority to engage in crypto custody
The OCC said banks are free to engage in cryptoasset custody and execution services as long as such activities are ...
Senate expedites vote on stablecoin bill
Senate Majority Leader John Thune (R-S.D.) will expedite a Senate vote on legislation to create a regulatory framework for payment ...
ABA, associations offer recommendations for boosting bank engagement in digital assets
ABA joined six associations to offer recommendations for lowering barriers to bank engagement with digital assets.
