Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation
Former U.S. Treasury official Michael Barr fielded questions about crypto during his Senate nomination hearing.
Former U.S. Treasury official Michael Barr fielded questions about crypto during his Senate nomination hearing.
The Banking Committee’s top Republican doesn’t want asset-backed stablecoins tarnished by the UST drama.
Treasury Secretary Janet Yellen highlights latest news on UST algorithmic stablecoin losing its dollar peg during Senate Banking Committee hearing.
The Stablecoin TRUST Act would give stablecoin issuers a variety of regulatory regimes to abide by, but enforce disclosure and redemption requirements.
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Industry observers will be watching the Senate Banking Committee hearing for clues on future monetary policy and regulation.
During his Senate confirmation hearing on Tuesday, the Fed chairman also said a CBDC wouldn't necessarily lead to a ban on private stablecoins.
CoinDesk follows Powell’s confirmation hearing live.
The Fed will reduce its bond purchases by $30 billion every month to wind them down early next year, doubling from the current pace of withdrawal of $15 billion every month.
A review of what happened at the Senate Banking Committee’s recent hearing.