Circle CEO Jeremy Allaire insists that all US dollar-backed stablecoin issuers, regardless of their location, must register with US authorities to ensure consumer protection and market fairness. He argues that offshore firms targeting the US market should comply with US regulations.In related developments, US lawmakers have proposed a bill to establish a regulatory framework for stablecoins, while Tether faces increasing scrutiny and was excluded from the EU’s MiCA stablecoin list, impacting major exchanges like Kraken and Crypto.com.
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0 posts last weekFDIC Vice Chairman Advocates for Clear Crypto Regulation and Addresses Debanking Issues
FDIC Vice Chairman Travis Hill has called for clearer and more transparent regulations for the crypto industry, criticizing the agency’s recent “debanking” practices that have led to banks freezing accounts of crypto firms. He emphasized the need for timely regulatory approvals and a foundational right to bank access for all individuals and businesses. Hill’s remarks follow revelations of a coordinated effort to limit crypto activities in the U.S., as disclosed by Coinbase through a FOIA request.
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