WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen informed lawmakers on Tuesday that Congress ought to present a federal authority to control stablecoin issuers and pockets suppliers to shut gaps in shopper safety and monetary stability protections.
Yellen mentioned throughout a U.S. Home of Representatives Monetary Providers Committee listening to that the Monetary Stability Oversight Council and the President’s Working Group on Monetary markets have recognized secure cash and the spot marketplace for crypto-assets that aren’t securities as areas needing formal regulatory authority.
