Cryptopolitan
2023-09-08 18:42:51

Federal Reserve’s Barr sounds alarm on stablecoin oversight needs

Federal Reserve Vice Chair of Supervision Michael Barr raised alarms about stablecoins in a fintech conference on Friday. He emphasized the urgent need for strong federal oversight. Barr warned that non-regulated stablecoins could risk financial stability and monetary policy. This message comes as House Financial Services Committee lawmakers spar over stablecoin regulation. Last month, the ... Read more

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