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Federal Reserve Issues Guidance On Novel Activities, Including Bank-Fintech Partnerships - Fin Tech

Published: September 1, 2023

On August 8, 2023, the Board of Governors of the Federal Reserve System issued two Supervision and Regulation Letters that provide guidance on the agency's supervision of novel activities and the process that state member banks should follow to engage in certain stablecoin/Dollar Token activities.

Source: mondaq.com

House Financial Services Committee Accuses Fed of Making Up Crypto Policy

Published: August 28, 2023

The House Financial Services Committee has sent a letter to Federal Reserve (Fed) Chair Jerome Powell expressing concerns about two recent Fed supervision and…

Source: biztoc.com

US House Financial Services members scold Fed's Powell for stablecoin bill obstruction

Published: August 28, 2023

Leaders of the U.S. House of Representatives Financial Services Committee have sent a letter to Federal Reserve Chairman Jerome Powell to object to bank guidance on stablecoins.

Source: cointelegraph.com