US stablecoin regulation to be weighed by top officials Monday as they prepare recommendations, Treasury’s Yellen says

( July 16, 2021, 20:06 GMT | Official Statement) -- MLex Summary: The regulation of stablecoin, a digital currency linked to underlying assets such as the dollar or gold, will be addressed at a meeting of top US financial regulators on Monday, Treasury Secretary Janet Yellen said. The President’s Working Group on Financial Markets — which consists of Yellen and the heads of the Federal Reserve, the Securities and Exchange Commission and the Commodity Futures Trading Commission — expects to publish written recommendations in the months ahead. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities," Yellen said.Statement follows below: ...

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US stablecoin regulation to be weighed by top officials Monday as they prepare recommendations, Treasury’s Yellen says

Prepare for tomorrow’s regulatory change, today

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