Stablecoins within the Sizzling Seat as SEC Investigates Circle

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This episode is sponsored by NYDIG.

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On in the present day’s episode, NLW properties in on current stories surrounding the Biden administration’s plans for stablecoins. A brand new report from the Wall Avenue Journal says there’s a debate between utilizing the Monetary Stability Oversight Committee so as to add new guidelines for stablecoins and to control stablecoin issuers like banks. The crypto trade’s huge query appears to be: Will crypto establishments be allowed to play, or will huge banks shove them out?

See additionally: The US Inches Nearer to Stablecoin Guidelines

“The Breakdown” is written, produced by and options NLW, with enhancing by Rob Mitchell and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our govt producer and our theme music is “Countdown” by Neon Seaside. The music you heard in the present day behind our sponsor is “Solely in Time” by Abloom. Picture credit score: kentoh/iStock/Getty Pictures Plus, modified by CoinDesk.

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