The 4 Horsemen - Yellen, Fed, SEC and CFTC
So, the 4 Horsemen of the Apocalypse are coming to the center stage to discuss ''stablecoin regulation''.
Treasury Secretary Janet Yellen announced plans to gather the nation’s top regulators on Monday for a meeting to discuss a stablecoins, the Treasury Department said Friday.
“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,” Secretary Yellen said in a statement. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities.”
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chairman Gary Gensler, and Commodity Futures Trade Commission Acting Chairman Rostin Behnam will also attend the meeting.
The timing seems to have been co-ordinated with Jerome Powell telling the House Financial Services Committee that the digital dollar project is moving forward.
REMEMBER: The Chinese came against Bitcoin after they launched their CBDC (Central Bank Digital Currency)...
At least, the Americans seem to just need to regulate and KEEP the cryptos, that's the feeling I get:
The SEC has delayed a decision on another bitcoin ETF, putting off approval of a fund from WisdomTree and it does make sense that Gary Gensler (SEC) wants to be aligned with the other 3 Horsemen... We know the guy LOVES BITCOIN! Huge plus in the equation.
In the meantime, Senator Pat Toomey Invested in Bitcoin, Ethereum Days After Advocating for Less Crypto Regulation, while Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July.
It's gonna get even WORSE before it gets A LOT BETTER people.
the FXPROFESSOR
Treasury Secretary Janet Yellen announced plans to gather the nation’s top regulators on Monday for a meeting to discuss a stablecoins, the Treasury Department said Friday.
“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,” Secretary Yellen said in a statement. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities.”
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chairman Gary Gensler, and Commodity Futures Trade Commission Acting Chairman Rostin Behnam will also attend the meeting.
The timing seems to have been co-ordinated with Jerome Powell telling the House Financial Services Committee that the digital dollar project is moving forward.
REMEMBER: The Chinese came against Bitcoin after they launched their CBDC (Central Bank Digital Currency)...
At least, the Americans seem to just need to regulate and KEEP the cryptos, that's the feeling I get:
The SEC has delayed a decision on another bitcoin ETF, putting off approval of a fund from WisdomTree and it does make sense that Gary Gensler (SEC) wants to be aligned with the other 3 Horsemen... We know the guy LOVES BITCOIN! Huge plus in the equation.
In the meantime, Senator Pat Toomey Invested in Bitcoin, Ethereum Days After Advocating for Less Crypto Regulation, while Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July.
It's gonna get even WORSE before it gets A LOT BETTER people.
the FXPROFESSOR
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