We previously quoted stablecoins The meeting to discuss started. You can watch it live at the link below.
During her keynote speech, president Maxine Waters stated that stablecoins can be a danger to financial stability.
What Happened?
The Whole World will be held in 2022 cryptocurrency While preparing for the regulations, a feverish work is being carried out in the USA.
The House of Representatives Financial Services Committee is holding a session today titled “Digital Assets and the Future of Finance: The President’s Financial Markets Working Group’s Stablecoin Report.”
The report, which will be discussed in the session, was published in November under the chairmanship of Treasury Secretary Janet Yellen and requested that Congress impose restrictions on stablecoin issuance.
Although the US has been publishing reports on cryptocurrencies for some time, it does not give a good test of regulatory clarity. Because, apart from similar and shallow warnings regarding cryptocurrencies, we see that concrete and clear rules cannot be brought, which creates a great uncertainty for the sector.
Many US senators criticize institutions such as the SEC on this issue and call on the Congress and the House of Representatives to provide legal clarity with regulations that will not kill the industry.