yellen said last week “Bringing together regulators will enable us to assess the potential benefits of stablecoins while mitigating risks they could pose to users, markets, or the financial system,” Yellen said in a statement. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities.”[3:06 PM]The PWG issued a lengthy statement in December outlining key regulatory issues surrounding certain stablecoins. Within the memo, the group wrote that the U.S. “encourages responsible payments innovation,” and that “digital payments, including U.S. dollar-backed and other stablecoin arrangements used as payment systems, have the potential to improve efficiencies, increase competition, lower costs, and foster broader financial inclusion.”
FED CHAIR POWELL HINTS ON DIGITAL DOLLAR TIMING Earlier this week, Powell told Congress the Fed is currently researching the prospect of launching its own digital dollar, and is “working hard” on a report on the topic due out this fall. Powell told the U.S. House of Representatives Financial Services Committee, “you wouldn’t need stablecoins, you wouldn’t need cryptocurrencies if you had a digital U.S. currency – I think that’s one of the stronger arguments in its favor.”
“I want to do a little more due diligence, but most likely Tesla will resume taking Bitcoin”Jump
“SpaceX and Tesla both own Bitcoin” – Elon Musk
I dont take dumps, I just pump
So how should we buy it? ALTS
ADA Polkadot alts heavy
and OR leveraged ups
How high will it go bro?
“Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online,” she added.
“It won’t take long because the plans are already there, and they have been working on them since 2019.
Ready to roll
“This entire project is pretty much ready to roll.”
“When all these crypto ducks are lined up, there’s another twist to push things even further into Amazon’s favour – a native token,” the insider explained.
“This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.