On the recordDecember 13, 2021
Imposing regulation for insured depository institutions on stablecoins, which hold 100 percent short-term liquid reserves and are designed for payments, not lending, is the wrong approach.
Source
congress.govPat Toomey: “Imposing regulation for insured depository institutions on stablecoins, which hold 100 percent short-term liquid…”
Editor's note · Context
Toomey criticizes proposed regulations on stablecoins as inappropriate.
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