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Top US regulators say crypto poses financial stability risks - New Delhi Times - India Only International Newspaper

Top regulators on Monday recommended a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability. Among seven major recommendations, regulators called on Congress to pass legislation that would address the systemic risks caused by the growth of stablecoins, which are a form of cryptocurrency pegged to… ....

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Top US regulators say crypto poses financial stability risks

WASHINGTON (AP) Top regulators on Monday recommended a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability. Among seven major recommendations, regulators called on Congress to pass legislation that would address the systemic risks caused by the growth of stablecoins, which are a form of cryptocurrency pegged to the price of another financial asset, like the U.S. ....

United States , Jerome Powell , Janet Yellen , Pew Research Center , Treasury Department , Members Of The Financial Stability Oversight Council , Federal Reserve , Financial Stability Oversight Council , President Joe Biden , Treasury Secretary Janet Yellen , Federal Reserve Chairman Jerome , Research Center , Government And Politics ,