U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability, scrutiny that could lead to dramatically ramped-up oversight for a fast-growing corner of the crypto market.
After weeks of deliberations, the Treasury Department and other federal agencies are nearing a decision on whether to launch an examination by the Financial Stability Oversight Council, said three people familiar with the matter who asked not to be named in commenting on closed-door discussions. FSOC has the power to deem companies or activities a systemic threat to the financial system -- a label that typically sets off tough rules and aggressive monitoring by regulators.
Business - Latest - Google News
September 11, 2021 at 07:04AM
https://ift.tt/3hpeyaZ
Stablecoins Face Crackdown as U.S. Discusses Risk Council Review - Bloomberg
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Stablecoins Face Crackdown as U.S. Discusses Risk Council Review - Bloomberg"
Post a Comment