Browsing: stablecoin regulation

Regulated stablecoins are gaining significant attention as a vital component in the evolving financial landscape.Fed Board Governor Christopher Waller has voiced strong support for these digital assets, asserting that they will play a crucial role in preserving the US dollar’s status as a global reserve currency.

The GENIUS Act, introduced by US Senator Bill Hagerty, represents a significant step forward in stablecoin regulation, targeting US dollar-pegged crypto assets.This proposed legislation aims to create a safe and pro-growth framework that will not only regulate digital assets but also foster innovation within the crypto space.