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U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

[Nov 7, 2023 9:32 AM] Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.

Fed Official: Digital Dollar Decision Still a Long Way Off

[Sep 9, 2023 6:00 PM] The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns…

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

[Mar 29, 2023 2:00 PM] On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the…

‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

[Mar 22, 2023 8:36 PM] In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

US Fed to create new crypto team amid concerns about unregulated stablecoins

[Mar 9, 2023 11:15 PM] The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.

U.S. lawmakers argue SEC accounting policy places crypto customers at risk

[Mar 2, 2023 11:56 PM] While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.