2023-9-9 22:30 |
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
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Michael Barr, a high-ranking official at the US Federal Reserve, expressed concern over the growing use of “unregulated” stablecoins pegged to the dollar. Many popular stablecoins are designed to mirror the value of the USD.
2023-9-9 04:00 | |
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Federal Reserve’s Michael Barr highlights the risks of unregulated stablecoins, emphasizing the need for robust federal oversight in the evolving digital currency landscape. Michael Barr, the Federal Reserve’s leading authority on banking oversight, has voiced robust concerns regarding stablecoins operating…
2023-9-8 20:00 | |
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The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
2023-9-9 16:57 | |
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Coinspeaker SVB Customers Tried to Withdraw All of Bank’s Deposits in Final Days, Says Fed’s Barr Michael Barr, vice chair for supervision at the Federal Reserve, says that SVB's deposits were in major trouble on the day regulators seized and took control over the bank.
2023-3-29 13:00 | |
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Michael Barr will lead supervision of collapsed Silicon Valley Bank (SVB) on Fed's side
2023-3-14 18:25 | |
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Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week.
2023-3-14 23:36 | |
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The U. S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry. Barr stated that regulation must be a deliberative procesThe post U.
2023-3-10 15:17 | |
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Federal Reserve Vice Chairman Michael S. Barr has published an article regarding cryptocurrencies, highlighting the creation of a team of professionals to examine the issue.
2023-3-10 21:40 | |
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Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an October 12 speech published on October 17. The post Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation appeared first on CryptoSlate.
2022-10-18 16:49 | |
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The Federal Reserve System’s Vice Chair for Supervision Michael Barr has called on federally regulated banks to be cautious while providing services to crypto firms. The post Fed Vice Chair urges banks to deal cautiously with crypto firms appeared first on CryptoSlate.
2022-10-14 20:17 | |
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Michael Barr, the Federal Reserve’s vice chair of supervision, says banks that accept deposits… The post Banks need to manage heightened risks from crypto firm deposits, says Fed’s Barr appeared first on CoinJournal.
2022-10-13 12:40 | |
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Michael Barr suggested that financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities regarding the use cases of innovative technologies.
2022-10-13 00:09 | |
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Sometimes just identifying risks is enough to change risky behavior, Fed Vice Chair for Supervision Michael Barr said at DC Fintech Week.
2022-10-13 22:52 | |
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Michel S. Barr, the Fed Vice Chair for Supervision, says that the regulation and oversight of stablecoins and other private money, if unregulated, could pose financial stability risks to the US economy.
2022-9-16 17:52 | |
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Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official.
2022-9-8 00:34 | |
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Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities in his first speech since taking office.
2022-9-8 21:09 | |
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Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
2022-7-14 00:25 | |
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Former U.S. Treasury official and Ripple adviser Michael Barr fielded questions about crypto at his Senate nomination hearing.
2022-5-20 19:18 | |
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US President Joe Biden intends to nominate Michael Barr, who served as a Ripple advisor from 2015 to 2017, as the Vice-Chair for Supervision of the Federal Reserve. The post President Biden to nominate former Ripple adviser as Fed Vice-Chair for Supervision appeared first on CryptoSlate.
2022-4-17 08:00 | |
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Michael Barr's role at controversial company could attract additional scrutiny from the progressive wing of the Democratic Party
2022-4-15 19:08 | |
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Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?
The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported.
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
Despite keen interest from U.S. Senate Democrats such as Elizabeth Warren (D-Mass.) to deal with the illicit movement of funds in crypto, there's no immediate action planned in the committee that would need to get it rolling, according to two sources familiar with the plans.
Republican Rep. French Hill and Democrat Rep. Jim Himes see potential future floor votes for crypto bills being key to convincing the Democrat-controlled Senate to play ball.
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar — lack of legislative clarity, lack of interagency coordination, etc.
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well.