Legislation Limiting Stablecoins to Insured Banks is Approaching
On 1 November 2021, the President’s Working Group on Financial Markets issued a long-awaited joint Report on Stablecoins, which is intended to identify regulatory gaps related to payment stablecoins and to present recommendations for addressing those gaps.
Nellie Liang Financial Stability Oversight Council Bank Holding Company Deposit Insurance Corporation Biden Administration Group On Financial Markets
Source: natlawreview.com