#stablecoin #USDT #Crypto #cryptocurrency #Crackdown #Cryptomarket #cryptonews
In today’s video, we will be talking about the Stablecoin CRACKDOWN?! PWG Report: What it Means For YOU!
Stablecoins are ostensibly safer than regular cryptocurrency thanks to their ties to less volatile assets, but US regulators apparently aren't convinced. Regulators are worried stablecoins hurt stability more than they help.
U.S. officers are discussing launching a proper review into whether or not Tether and different stablecoins threaten monetary stability, scrutiny that would result in dramatically ramped-up oversight for a fast-growing nook of the crypto market.
After weeks of deliberations, the Treasury Department and different federal businesses are nearing a choice on whether or not to launch an examination by the Financial Stability Oversight Council, mentioned three individuals accustomed to the matter who requested to not be named in commenting on closed-door discussions. FSOC has the facility to deem companies or actions a systemic risk to the monetary system — a label that sometimes units off powerful guidelines and aggressive monitoring by regulators.
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