Biden Administration Ponders Crypto Approach
The top echelons of the US government held a closed door meeting attended by Jereme Powell and Janet Yellen to discuss stablecoins.
Publicly, almost nothing was said about this meeting except that they spoke of the rapid growth of stablecoins, potential uses of stablecoins as a means of payment, and potential risks to end-users.
What has been leaked to the media suggests the focus was Tether’s use of commercial paper, a common form of unsecured, short-term debt issued by corporations.
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