Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress

Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively prevent banks from issuing payments stablecoins — or engaging in the payment stablecoin ecosystem.” Fed’s Efforts ‘Subvert Progress […]

SEC Commissioners Peirce, Uyeda push back against SEC’s NFT enforcement action

SEC Commissioners Hester Peirce and  Mark T. Uyeda have vocalized their disagreement over the Commission’s handling of its enforcement action against Impact Theory, marking the first enforcement action of the SEC against a non-fungible token (NFT). The concerns, articulated in a public statement, highlight the complexities surrounding the regulation of NFTs, a rapidly evolving asset […]

en_USEnglish