The Currency analytics
By Sydney TheCMO
Bankers won't budge. They stormed into a February 9 White House meeting with one clear message: kill stablecoin yields completely, no matter what crypto executives or government…
The heated summit brought together crypto bosses and traditional banking heavyweights for what sources described as pretty intense discussions.
Treasury Secretary Janet Yellen jumped into the fray, telling both sides that risk management has to come first.
Brian Brooks, the former acting Comptroller of the Currency who now works in crypto, fired back at the banking sector's demands.
Fed Chair Jerome Powell stayed neutral but raised red flags about monetary policy impacts. Powell said the rapid rise in stablecoin use means regulators need to understand what's…
The SEC's getting ready to drop new guidelines soon. An unnamed SEC official said the agency's reviewing current practices and considering new frameworks that could address…
SEC Chairman Gary Gensler doubled down on investor protection worries during the meeting. Gensler's been critical of crypto's lack of safeguards before, and he didn't soften his…
Just one day before the summit, the Blockchain Association released a report pushing for balanced stablecoin regulation.
Deputy Director Bharat Ramamurti represented the National Economic Council at the talks. Ramamurti said the administration wants to foster innovation while keeping financial…
Senator Elizabeth Warren's been vocal about needing strict crypto regulation. Warren expressed serious concerns that stablecoins without proper oversight could create major…
Circle CEO Jeremy Allaire, whose company issues the USDC stablecoin, argued that stablecoins are essential for modernizing financial infrastructure.
The Office of the Comptroller of the Currency is reviewing its stablecoin stance too. Acting Comptroller Michael Hsu said the OCC's exploring ways to integrate stablecoins into…
And the debate keeps getting more intense. Both sides left the February 9 meeting without any deal or clear path forward.