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26 July 2021

US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC – Regulation Bitcoin News

US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC – Regulation Bitcoin News


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Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation.

Treasury Secretary Janet Yellen announced Friday her plans to discuss the regulation of stablecoins.

She will convene a meeting on July 19 of the President’s Working Group on Financial Markets (PWG) to discuss the matter.

Yellen explained, “Bringing together regulators will enable us to assess the potential benefits of stablecoins while mitigating risks they could pose to users, markets, or the financial system.” The treasury secretary detailed:.

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