Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option

Companies issuing stablecoins would person to woody with the Federal Reserve arsenic the main oversight bureau successful the existent mentation of a measure being developed successful the U.S. House of Representatives, accidental radical acquainted with the talks. This alteration would beryllium caller for the Fed and for the nonbank crypto businesses that person ne'er had a national supervisor.