Senator Pat Toomey’s Stablecoin TRUST Act of 2022 bill and any laws based on it would reward issuers that play by the rules and push the likes of Tether out of the U.S. market.
Wednesday's Senate hearing on the FTX debacle saw groups of speakers clash on whether there is a need to regulate the digital asset class or stop governments from interfering with the market.
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on tightening rules on Russia, with chair Sherrod Brown (D-OH) referencing the need to enforce "economic sanctions."
Sec. Yellen agrees with the FinCEN statement that entities providing ancillary services like manufacturers, developers, and miners shouldn't be subjected to Money Service Business registration.
