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Yellen Calls President's Working Group Meeting on Stablecoins
YELLEN CALLS PRESIDENT'S WORKING GROUP MEETING ON STABLECOINS :
— IOTAF (@iotafmarkets) July 16, 2021
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YELLEN SAYS PRESIDENT’S WORKING GROUP ON FINANCIAL MARKETS WILL MEET WITH OFFICE OF THE COMPTROLLER OF THE CURRENCY AND THE FEDERAL DEPOSIT INSURANCE CORPORATION ON JULY 19
— *Walter Bloomberg (@DeItaone) July 16, 2021
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*YELLEN SAYS AGENCIES MUST COLLABORATE ON DIGITAL ASSETS
— *Walter Bloomberg (@DeItaone) July 16, 2021
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Secretary of the Treasury Janet L. Yellen to Convene a Meeting of the President’s Working Group on Financial Markets to Discuss Stablecoins
Today, Secretary of the Treasury Janet L. Yellen announced plans to convene the President’s Working Group on Financial Markets (PWG), in addition to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, to discuss interagency work on stablecoins. The group will meet Monday, July 19. “Bringing together regulators will enable us to assess the potential benefits of stablecoins while mitigating risks they could pose to users, markets, or the financial system,” Secretary Yellen said. “In light of the rapid growth in digital assets, it is important for the agencies to ... (full story)
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