Biden’s Consumer Watchdog Pushes for Last-Minute Stablecoin Rule
The Consumer Financial Protection Bureau proposed a crypto guideline simply days before Donald Trump takes the White House and can call a brand-new firm head. Jan 10, 2025, 9:22 p.m. UTCAs crypto fan Donald Trump prepares to take the reins of the federal government, the U.S. Consumer Financial Protection Bureau has actually pitched brand-new guidelines that would have a substantial influence on stablecoin providers and wallet suppliers, though the proposition's future stays in concern.The CFPB took the very first procedural action to open a proposition to public discuss Friday that would establish a structure to use the Electronic Fund Transfer Act to virtual wallets and stablecoins-- the digital tokens connected to the worth of a consistent property, typically the U.S. dollar. While that ...
