Tag: JanetYellen

As Reuters reported Friday, citing three unnamed sources, the US Treasury Department met with a number of industry players this week to discuss the risks and benefits posed by stablecoins – a fast-growing type of cryptocurrencies whose value is tied to traditional currencies. But why are regulators so interested in them? With a market cap…

Treasury Secretary Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. According to Reuters, Treasury Secretary Janet Yellen held a…