Michael Barr: The Fed Needs Authority Over Stablecoin Issuers
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
FinCEN intends to classify cryptocurrency mixers as hubs for money laundering, posing a threat to national security.
New York State prosecutors have filed a lawsuit against Gemini, Genesis, Digital Currency Group (DCG), and their respective executives, accusing them of defrauding over 230,000 investors and scamming them out of more than $1 billion.
In recent years, the US authorities have seized over 200,000 bitcoins from illegal activities.
The SEC has pushed back its ruling on multiple Bitcoin spot ETF proposals from ARK Invest and 21Shares to January 10, 2024.
Brian Schroeder has resigned as CEO of Binance.US crypto exchange.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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