Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
Community first tokens, or those deemed to be fair launches, continue to be a favourite among traders who are wary of being exit liquidity for wealthy funds.
Lawmakers designing stablecoin legislation must ensure that anti-money laundering measures don’t open the door to unfettered financial surveillance of stablecoin users, says Cato Institute’s Jennifer J. Schulp.