The post Fed Gov. Eyes Stablecoins To Expand US Policy Reach Amid CLARITY Act Push appeared on BitcoinEthereumNews.com.
Federal Reserve Governor Christopher Waller shared optimistic remarks on stablecoins today. The Fed official believes that stablecoins could help the Fed’s policy to spill over to nations that are more embracing of dollar-backed digital currencies. Fed Governor Shares Views On Stablecoins At the event in Croatia on Sunday, Waller likened stablecoin adoption to the fixed exchange-rate system. “Countries that adopt it, it’s like a fixed exchange rate system,” Fed’s Waller said. He added, “You are going to import US monetary costs, so it’s broadening the reach of US monetary policy in countries that use more stablecoins.” For context, Waller has been pro-stablecoin in the past. Earlier, he said that stablecoins could help increase the U.S. dollar’s dominance in the world economy if they are well-regulated. Earlier, the Fed governor also lashed out on CBDCs. CBDC is a “so
The post Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures appeared on BitcoinEthereumNews.com.
In an extensive crackdown on cryptocurrency-related fraud, authorities in Argentina have apprehended 24 suspects and seized digital currencies worth over 8 million USDT, marking one of the most comprehensive operations against crypto scams in the nation’s history. What Did the Investigation Uncover? Continue Reading:Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures Source: https://en.bitcoinhaber.net/argentinas-unprecedented-crackdown-on-crypto-fraud-yields-significant-seizures
The post Fed’s Powell says credibility lost if President can fire officials appeared on BitcoinEthereumNews.com.
Former Federal Reserve (Fed) Chair Jerome Powell said the US central bank would damage public trust that’s required to support a strong and stable economy if any president were free to dismiss Fed officials over policy disagreements, Bloomberg reported on Monday. Powell’s remarks came as the US highest court is deliberating the fate of Fed Governor Lisa Cook, whom US President Donald Trump has sought to fire over unproven mortgage fraud allegations. Cook has denied the charge. Key quotes If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The Fed’s credibility would be lost. Our credibility has been built and sustained over many decades, and we have a duty to safeguard that priceless asset for our fellow citizens and for generations to come. Market reaction At the time of writing, the US Dollar I
The post US Senator Warns Clarity Act Delay Could Push Crypto Rules to 2030 appeared on BitcoinEthereumNews.com.
Key Takeaways U.S. Senator Lummis warned that failure to act now could delay comprehensive crypto legislation until 2030. Bankruptcy protections remain a central concern for customers holding assets on exchanges. China’s regulatory progress increases pressure for Congress to establish market rules. Clarity Act Warning Puts Congress on a Crypto Policy Deadline The Clarity Act has become a deadline test for Congress, and Senator Cynthia Lummis (R-WY) is warning that failure to act could delay comprehensive digital asset legislation until 2030. In posts published between May 24 and May 30, Lummis argued that inaction would leave developers without legal protections, consumers vulnerable, and law enforcement without stronger tools to pursue bad actors. Her warning centers on a narrow legislative window. If Congress misses it, software developers, investors, exchanges, and enforc
The Fed's stress test overhaul aims to enhance transparency and resilience, potentially stabilizing investor confidence amid legal scrutiny.
The post Jay Powell warns the Federal Reserve is undergoing a stress test appeared first on Crypto Briefing.
The Fed's stress test overhaul aims to enhance transparency and resilience, potentially stabilizing investor confidence amid legal scrutiny.
The post Jay Powell says the Federal Reserve is undergoing its own stress test appeared first on Crypto Briefing.
Senator Cynthia Lummis is warning Congress that missing the Clarity Act window could delay major crypto legislation until 2030. She says inaction would leave developers exposed, consumers vulnerable, and law enforcement agencies without stronger tools. Clarity Act Warning Puts Congress on a Crypto Policy Deadline The Clarity Act has become a deadline test for Congress, […]
The post Crypto Market This Week: US Jobs Data, Global Inflation, CLARITY Act In Focus appeared on BitcoinEthereumNews.com.
This week, the crypto market awaits a slew of U.S. economic data, a Fed statement and inflation reports from key economies. Data may affect market expectations regarding interest rates, liquidity, and risk appetite in the crypto space. U.S. Jobs Data Expectations The emphasis will be on the U.S. labour market. The U.S. unemployment data report is being awaited by market participants. They anticipate a slight decline in job growth from the prior months and that the unemployment rate will not drop much from 4.3%. In addition, crypto market participants will look for signs of labor market strength in job openings on JOLTS, ADP private payrolls, Challenger job cuts. Also, the weekly initial jobless claims will be released. Recent data indicated a slowdown in activity as the number of new jobless claims in the U.S. increased to 215,000, but not dramatically. The employ
Federal Reserve governor Christopher Waller told a conference on Sunday that stablecoins expand the reach of US policy while the Bank of England’s Megan Greene expects their popularity will soon fade.
