The appointment comes as a House committee weighs a stablecoin bill that would appoint the Federal Reserve as crypto issuers’ primary regulator, and increase oversight of token issuances. At the same time, federal regulators have executed enforcement actions against key crypto industry players such as Coinbase, which alongside Circle co-founded the Centre Consortium, a member-based organization that manages USDC issuances.
Related posts
-
Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central... -
OpenDelta Raises $2.5M to Build Bitcoin-Based Stablecoin Using Runes
OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin (BTC) deposited by users... -
Stripe reintroduces crypto payments via USDC stablecoin
At the company’s Global Internet Economy conference on Thursday, Stripe revealed its decision to reintroduce support...