A coalition of main cryptocurrency companies is urging lawmakers on the Senate Banking Committee to reject particular provisions regarding stablecoins outlined within the lately handed GENIUS Act. This push, coordinated by the Blockchain Association, comes as greater than 125 members from the crypto business voice their opposition to a proposed reinterpretation of an present prohibition…
The Office of the Comptroller of the Currency (OCC) lately sparked a wave of criticism from conventional finance teams following its approval of conditional financial institution charters for 5 cryptocurrency companies: Ripple, Circle, BitGo, Paxos, and Fidelity. Stablecoins Seen As Direct Threat Following the OCC’s announcement, trade stakeholders rapidly voiced their considerations. Traditional banks expressed…
South Korea’s financial authority is expected to release the long-awaited regulatory framework next quarter, offering clear guidelines for the issuance and distribution of won-pegged stablecoins. Stablecoin Guidelines By October On Monday, local news media outlets reported that South Korea’s financial regulator, the Financial Services Commission (FSC), is expected to release a bill for a stablecoin…