“It does make sense that this episode with Terra would refocus attention on stablecoins generally,” Toomey told reporters on a conference call, but he defended tokens backed by assets such as cash and securities and said he doesn’t see them as a risk to the financial system, as suggested by U.S. regulators.
Related posts
-
Crypto-critic Sen. Warren named ranking Dem on Banking Committee
Blockchain naysayer Elizabeth Warren has effectively replaced outgoing Senator Sherrod Brown as the ranking Democrat on... -
China’s Nano Labs embraces Bitcoin as payment option
Hangzhou-based fabless integrated circuit design company Nano Labs has begun accepting Bitcoin as payment for its... -
Public Records Inquiry Reveals the Failure of Salvadoran Bitcoin Millionaire Investor Visa Program
A recently disclosed public records request reveals contradictions between the number of visas issued under the...