Altcoins News
By Sydney TheCMO
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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…
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The heated summit brought together crypto bosses and traditional banking heavyweights for what sources described as pretty intense discussions.
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Treasury Secretary Janet Yellen jumped into the fray, telling both sides that risk management has to come first.
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Brian Brooks, the former acting Comptroller of the Currency who now works in crypto, fired back at the banking sector's demands.
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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…
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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…
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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…
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Just one day before the summit, the Blockchain Association released a report pushing for balanced stablecoin regulation.
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Deputy Director Bharat Ramamurti represented the National Economic Council at the talks. Ramamurti said the administration wants to foster innovation while keeping financial…
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Senator Elizabeth Warren's been vocal about needing strict crypto regulation. Warren expressed serious concerns that stablecoins without proper oversight could create major…
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Circle CEO Jeremy Allaire, whose company issues the USDC stablecoin, argued that stablecoins are essential for modernizing financial infrastructure.
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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…
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And the debate keeps getting more intense. Both sides left the February 9 meeting without any deal or clear path forward.
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