News list for " Appeal"
Mr. Barr, the Fed governor, said more specific regulations were needed to ensure the safe operation of stablecoins. "For stablecoins to reach their full potential, further safeguards need to be put in place to protect families, businesses and the financial system as a whole," Mr. Barr said on Thursday. Mr. Barr, a former vice-chairperson of regulation at the Fed, welcomed the passage earlier this year of the Genius Act, which established a framework for stablecoins.
Fed governor Barr said setting bank capital levels should be separated from stress testing results and more closely tailored to banks' own conditions. He is looking for ways to maintain the rigor of testing in the face of industry calls to ease testing. Barr opposes making stress testing more transparent in advance and linking it to...
According to The Bitcoin Historian, Panamanian congressman Solis has called on the national government to create a "Bitcoin (BITCOIN) reserve."
Navarro, White House trade adviser: Fed Chairperson Jerome Powell's hold on interest rates is doing serious damage. Powell's (decision) has resulted in lost revenue and higher interest payments. Americans are feeling "severe economic pain". White House trade adviser Navarro called on the Federal Reserve Board to intervene in Powell's position.
The U.S. Senate Banking Committee's Digital Assets Subcommittee held a hearing titled "Exploring a Bipartisan Legislative Framework for Digital Asset Market Structure," where participants called on Congress to pass digital asset legislation as soon as possible. The term "bitcoin" was not mentioned once during the hearing. Still, bitcoin will be subject to some of the cryptocurrency regulations discussed at the hearing. The hearing comes as Senators Cynthia Lummis (R-Wyoming), Thom Tillis (R-Nort...
At the Consensus 2025 conference in Toronto, Coinbase Canada CEO Lucas Matheson urged the new government led by Mark Carney to quickly develop a national crypto strategy. Matheson recommended the establishment of a dedicated crypto task force within 100 days of the government taking office to clearly define digital assets, regulate stablecoins, and allow banks to hold cryptocurrencies securely. He emphasized the need for stablecoins denominated in Canadian dollars, noting that the current cost o...
Meta is considering returning to the stablecoin market, prompting US Senator Elizabeth Warren to advocate legislation that would ban tech giants from issuing their own currencies. The GENIUS Act, which aims to regulate stablecoins, faces changes after opposition from Senate Democrats.
On April 11, Russian logistics company ETE Group submitted a request to Prime Minister Mishustin, calling on the government to develop a legal framework for businesses to use cryptocurrencies for international settlements. ETE Group proposed amending the Civil Code, the Tax Code, and other relevant foreign exchange regulatory laws to give crypto assets legal status and establish standard procedures for their issuance, circulation, and accounting treatment. ETE noted that interest in crypto payme...
U.S. Senator Rand Paul has called for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also asked him and his staff to personally inspect Fort Knox and other vaults.
Galaxy CEO Mike Novogratz issued a statement on the X platform calling on global leaders to take action against the hacking group Lazarus Group, while praising Bybit for completing a world-class resolution after the attack.
