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"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told. U.S. Treasury Secretary Janet Yellen told lawmakers on Tuesday that Congress should provide a federal authority to regulate stablecoin. Yellen released the following statement on the recent crypto market developments: "The recent failure of a major cryptocurrency exchange and.

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The proposed rule, which is on the agency's agenda to complete this year, would require a wider range of client assets to be held with "qualified custodians," and it has drawn criticism from bankers, some lawmakers and even other regulators about its potential effects. That could include imposing Federal Reserve oversight on aspects of the industry. Feb 2, Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3.