Brainard Calls for Regulations on Cryptocurrencies

Brainard Calls for Regulations on Cryptocurrencies, Stablecoins

– In November 2021, the President’s Working Group on Financial Markets issued recommendations on stablecoins.
– Brainard characterized its report as “very strong” and she said that she agrees with its recommendations that stablecoins should be subject to bank-like regulation.
– The report recommends that stablecoins should be subject to credential guardrails and the liquidity backstop.

FBACUBXIZ5EDHCA7PYNEKLKZ4M Brainard Calls for Regulations on Cryptocurrencies, Stablecoins

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