{
Jack Solowey

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biden administration proposes stablecoin regulations ahead of trump's presidency

As Donald Trump prepares to assume office, the U.S. Consumer Financial Protection Bureau has proposed new regulations for stablecoin issuers and wallet providers, aiming to apply the Electronic Fund Transfer Act to digital tokens. This initiative, which could reshape the crypto landscape, faces uncertainty as Trump may appoint a new CFPB chief who could alter or rescind the proposal. Consumer advocates support the move, while critics argue it inadequately addresses decentralized finance and self-hosted wallets.
CoinDesk
United States Dollar USA Dennis Kelleher Rohit Chopra Jack Solowey Bill Hughes Sr Show more
Regulatory & Legal, News Article
22:22 10.01.2025
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