stablecoin regulation

U.S. Capitol Building
Stablecoin Regulation Is First on New Subcommittee’s To-Do List, Says Chairman
Rep. French Hill said the digital assets subcommittee plans to use its stablecoins draft as a model for how it will approach digital asset regulation moving forward.
U.S. Capitol Building

(Katherine Dowling, CoinDesk TV, modified)
Bitwise Chief Compliance Officer Says Stablecoin Legislation Could Come This Year
Katherine Dowling says Congress may act because stablecoins are a relatively narrow issue.
(Katherine Dowling, CoinDesk TV, modified)

Jeremy Allaire, CEO of peer-to-peer payment company Circle. (Davos 2023, CoinDesk TV)
Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’
Jeremy Allaire believes Congress will concentrate on stablecoin regulation because of its straightforward nature and significant growth potential.
Jeremy Allaire, CEO of peer-to-peer payment company Circle. (Davos 2023, CoinDesk TV)

CDCROP: U.S. Sen. Kirsten Gillibrand (D-N.Y.) (Jesse Hamilton/CoinDesk)
US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year
Sen. Kirsten Gillibrand, one of the most crypto-friendly Democrats in the Senate, said she hopes a regulatory bill will be introduced in the “next few weeks.”
CDCROP: U.S. Sen. Kirsten Gillibrand (D-N.Y.) (Jesse Hamilton/CoinDesk)

CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)
Circle CEO Calls for Clear US Laws on Stablecoins to 'Unleash' Their Potential
In a letter to lawmakers, Jeremy Allaire said inaction will "stunt America's voice."
CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)

Famous Delorean From "Back To The Future" Movie On Display In Washington, D.C.
White House Goes Back to the Future With FDIC Chair Pick Gruenberg
The Biden Administration has nominated Martin Gruenberg, the longest-serving FDIC board member in history, to return to the chairmanship he held under Obama.
Famous Delorean From "Back To The Future" Movie On Display In Washington, D.C.

Circle Internet Financial
Circle Begins Putting Reserves Into New BlackRock Fund
The assets backing Circle Internet Financial’s USDC will finish moving into an SEC-regulated money market fund early next year.
Circle Internet Financial

CDCROP: Official Portrait of FDIC Interim Chairman Martin J. Gruenberg (FDIC.gov)
Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief
Acting FDIC head Martin Gruenberg argues that stablecoins need to mesh with regulated banking as well as the Fed’s real-time payments system and any future U.S. CBDC.
CDCROP: Official Portrait of FDIC Interim Chairman Martin J. Gruenberg (FDIC.gov)

CDCROP: CFTC And SEC Heads Testify Before Senate Appropriations Committee
SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report
Gary Gensler pointed out that the CFTC doesn't have direct authority to write rules for the firms that issue stablecoins.
CDCROP: CFTC And SEC Heads Testify Before Senate Appropriations Committee