A week before a hearing in Congress, the United States gets stablecoin regulatory framework.
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A week before a hearing in Congress, the United States gets stablecoin regulatory framework.
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The Treasury Department’s Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
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Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.
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Two U.S. senators cited the collapse of FTX when writing to the PCAOB chair Erica Williams in January, but now suggest improper auditing could have affected three banks as well.
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Lawmakers may be on the brink of scaring blockchain projects into moving offshore or causing them to shut down altogether.
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A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down.
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According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures.
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Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries.
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