Stablecoins
Biden Administration: Stablecoins Should Be Regulated Like Banks
The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.
The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How
The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.
Why Stablecoin Regulation Isn’t ‘Urgent’
The risks are real, but today’s report looks like a power grab.
Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will
If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.
![LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fhotfix%2Fa8c4cb4f621ed865d50afefce21ce3dbbf009d39-3000x1999.jpg%3Fauto%3Dformat&w=1080&q=75)
Biden Administration to Congress: Put Stablecoins Under Federal Supervision or We Will
In a highly anticipated report released Monday, a group of U.S. regulators from the President’s Working Group on Financial Markets urged lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. The group also identified three main risks of stablecoins.
Three Arrows Capital Backs $10M Raise for DeFi on Cardano
Major DeFi investors piled into the Ardana project, including some that have never invested in Cardano before.
US Regulators Exploring How Banks Could Hold Crypto Assets
According to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams, a group of U.S. regulators are reportedly exploring how banks could hold and deal with digital assets. CoinDesk’s Nikhilesh De discusses the latest on global policy and regulation. Plus, an update on the Biden Administration’s stablecoin report.
VanEck Launching Bitcoin ETF ‘XBTF’
CoinDesk’s Nikhilesh De discusses what regulatory events he’s continuing to watch as wealth manager VanEck’s bitcoin futures ETF is expected to launch Tuesday under the stock ticker XBTF. This is the third bitcoin futures ETF to be approved by the SEC following ProShares and Valkyrie Investments.
Fractional-Algorithmic Stablecoin Protocol Frax’s Governance Token Surges 80% on Supply Squeeze
About three-quarters of all circulating FXS supply is locked away for an average of 1.08 years, one analyst said.
