XHBWTALMM5AWLOBEJKN5TMCZBE 1 Michael Barr Confirmed as Top US Financial Watchdog

Michael Barr Confirmed as Top US Financial Watchdog

– William Barr will have an influential voice in global standard-setting organizations for stablecoins.
– The U.S. Financial Stability Oversight Council is considering how to approach stablecoins.
– If the council declares stablecoins a systemically important financial activity, the group can push member agencies to regulate them.
– The terraUSD implosion could lend some fuel to the government’s efforts to put up guardrails.

XHBWTALMM5AWLOBEJKN5TMCZBE Michael Barr Confirmed as Top US Financial Watchdog
Michael Barr Confirmed as Top US Financial Watchdog 3

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