Home Cryptocurrency Treasury Secretary Janet Yellen says US needs better regulation of stablecoins

Treasury Secretary Janet Yellen says US needs better regulation of stablecoins

by SuperiorInvest

Yellen also addressed the U.S. Securities and Exchange Commission’s proposal to further restrict how investment firms custody their clients’ assets, including their cryptocurrency holdings. The proposed rule, which is on the agency’s agenda for completion this year, would require a broader range of client assets to be held with “qualified custodians,” and has drawn criticism from bankers, some lawmakers and even other regulators over its potential effects. .

Source Link

Related Posts