Yellen says U.S. must move quickly to establish stablecoin rule framework

20 Tháng Bảy 2021
Yellen urges quick U.S. adoption of stablecoin rules © Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill, in Washington, DC, U.S., June 23, 2021. Shawn Thew/Pool via REUTERS/

By Pete Schroeder

WASHINGTON (Reuters) -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.

A group of U.S. regulators plans to issue recommendations in the coming months for fixing any regulatory gaps around stablecoins, the Treasury Department said in a statement.

Monday's meeting of the President's Working Group on Financial Markets, which convenes top financial watchdogs, underscores how quickly policymakers are moving to ensure their rules can keep up with rapid technological changes across digital currencies.

The group discussed the rapid growth of stablecoins, which are cryptocurrencies that attempt to peg their values to a conventional currency, like the U.S. dollar, according to the Treasury. Regulators discussed their potential uses, as well as risks to end users and the financial system.

Fed Chair Jerome Powell told lawmakers during congressional hearings last week that stablecoins are "growing incredibly fast" but pointed to their lack of appropriate regulation as a point of concern.

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28-07-2021 20:31:14 (UTC+7)

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 USD/CAD1.2585↑ Buy
 EUR/JPY129.93↑ Sell
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 Gold1,797.55Sell
 Silver24.758↑ Sell
 Copper4.4895↑ Sell
 Crude Oil WTI72.05↑ Sell
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 US Coffee C204.60↑ Buy
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 S&P 5004,408.10↑ Buy
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 Hang Seng25,421.00↑ Buy
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 BASF66.280Sell
 Bayer50.30↑ Sell
 Allianz210.60Neutral
 Adidas309.32Sell
 Lufthansa9.995↑ Sell
 Siemens AG132.95↑ Sell
 Deutsche Bank AG10.638Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,715
(0/ 0) # 708
SJC HCM5,650/ 5,720
(-10/ -10) # 713
SJC Hanoi5,650/ 5,722
(-10/ -10) # 715
SJC Danang5,650/ 5,722
(-10/ -10) # 715
SJC Nhatrang5,650/ 5,722
(-10/ -10) # 715
SJC Cantho5,650/ 5,722
(-10/ -10) # 715
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KRW17,2220,96
Cập nhật lúc 18:54:22 28/07/2021
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