Federal Reserve Vice Chair for Supervision Michael Barr has warned that the GENIUS Act's stablecoin framework could trigger bank-like runs if regulators fail to enforce strict reserve and redemption standards ...
Neel Kashkari called cryptocurrency "utterly useless" Thursday, dismissing more than a decade of industry development as "word salad", remarks that landed hours after CME Group announced plans to expand crypto ...
Senator Elizabeth Warren is demanding internal Federal Reserve documents to determine whether officials reduced bank supervision staffing at the request of the lenders themselves — a move she and Senator ...
Senator Elizabeth Warren has sent a formal letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell demanding they explicitly rule out any government rescue of crypto markets ...
Joachim Nagel, president of the Deutsche Bundesbank, has voiced support for euro-denominated stablecoins as a tool for cheaper cross-border payments, while warning that the rapid global spread of dollar-backed alternatives ...
The International Monetary Fund warned Tuesday that dollar-pegged stablecoins could undermine monetary sovereignty and trigger capital flight in developing economies, describing the digital assets as "too big to ignore" as ...
U.S. Treasury Secretary Scott Bessent told lawmakers Tuesday that the federal government lacks legal authority to bail out Bitcoin or force banks to purchase cryptocurrencies, drawing a clear line against ...
The White House is convening banks and crypto executives this week to resolve a dispute over whether digital asset firms should be allowed to offer interest-like yields on stablecoins, an ...
Circle CEO Jeremy Allaire rejected concerns that interest-bearing stablecoins could trigger bank runs, calling the argument "totally absurd" during a Thursday panel at the World Economic Forum in Davos. Allaire ...
California regulators have ordered Nexo Capital Inc. to cease unlicensed crypto lending operations after the firm allegedly issued loans to more than 5,400 state residents without conducting basic credit checks ...
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