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Cryptopolitan 2023-08-29 00:43:18

Fed accused of blocking progress on stablecoin regulatory framework

Republican legislators have raised concerns about the Federal Reserve’s increasing control over banks’ ties to cryptocurrency and stablecoins. Senators Bill Huizenga (Michigan), French Hill (Arkansas), and House Financial Services Committee Chair Patrick T. McHenry (North Carolina) have voiced their apprehensions. The Federal Reserve is allegedly hindering the establishment of regulatory standards for stablecoins. According to ... Read more

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