Odaily Planet Daily reports that The Block journalist Sarah Wynn posted on the X platform that Federal Reserve Board member Bowman testified at a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. It is reported that the Federal Reserve is advancing the GENIUS project and plans to “clarify the handling of digital assets to ensure the banking system’s ability to support digital asset-related activities.” Bowman emphasized, “As a regulator, my responsibility is to encourage innovation responsibly while continuously enhancing supervisory capabilities to address the safety and soundness risks that innovation may bring.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dialogue with Tether USAT CEO: Experiencing the acceleration of U.S. crypto policies, user experience is the biggest difference in the clear legislation.
Source: Anthony Pompliano Podcast
Compilation: Felix, PANews
Bo Hines, CEO of Tether USAT (a US-regulated, dollar-backed stablecoin launched by Tether), is also a former White House cryptocurrency advisor who participated in shaping U.S. digital asset policies during critical industry development periods.
Recently, Bo Hines gave an interview at the New York Bitcoin Investor Week, where he disclosed details of his work on cryptocurrency policy at the White House and discussed topics such as the mainstream adoption of stablecoins and why user experience is more important than returns.
PANews has summarized the highlights of the conversation. Below are the details.
Host: You previously worked at the White House and are now the
PANews2h ago
The aftermath of the US-Iran conflict causes a crash in the New York stock market... Tensions in the Middle East escalate
The U.S. military strike on Iran triggered intense fluctuations in the financial markets, with the New York stock market falling sharply, Bitcoin plummeting, and investors flocking to safe-haven assets like gold. Experts point out that geopolitical tensions and economic indicators will continue to influence market trends.
TechubNews11h ago
What signals did the US SEC send behind the new 2% discount regulation for stablecoins?
The U.S. Securities and Exchange Commission (SEC) issued guidance on payment stablecoins on February 19, allowing broker-dealers to treat stablecoins with a 2% discount when calculating net capital, thereby giving them a legitimate status in capital calculations. This adjustment helps to integrate stablecoins into the mainstream financial system and promotes digital asset trading and services. Peirce's statement and the GENIUS Act could potentially change the market landscape, although federal and state frictions still exist. Nonetheless, this move paves the way for regulatory integration of stablecoins.
区块客21h ago
Global M2 exploding – Bitcoin ready to absorb!
One of the most important macro trends right now is the steady expansion of global liquidity. Recent data shows that worldwide M2 money supply has surpassed $100 trillion, with central banks continuing to inject capital into their economies. Year-over-year growth remains strong, signaling ongoing mo
Coinfomania22h ago
David Sacks Calls on Banks After Crypto Policy Shift
David Sacks calls for cooperation between the crypto industry and banks, highlighting existing tensions over stablecoin yield programs. He urges banks to compromise as crypto firms have already made adjustments. Ongoing negotiations may lead to a unified financial system.
Coinfomania02-28 09:01
