SEC Chair Flags $60B Venezuelan Bitcoin Rumor as Unclear While Pushing U.S. Crypto Law Overhaul
Key Takeaways:Venezuela Bitcoin Claims Remain UnverifiedWhy the Rumor PersistsSEC Priorities Shift to Crypto Rules, Not SeizuresStablecoins Take Center Stage in Policy Debate
Another point of emphasis in the remarks of Atkins was stablecoins. He mentioned the recent United States legislations that officially recognized crypto assets in federal law, and particularly the types of payment-centered tokens tied to fiat currencies.
These regulations are meant to set standards regarding reserves, disclosures and issuance and minimize systemic risk and still leave innovation possible. To policymakers, stablecoins are also considered to be a kind of a transition point between the old finance and blockchain-based systems.
According to Atkins, a clarification on the rules of the stablecoins would have far-reaching consequences. Regulatory uncertainty would be mitigated to the advantage of payment rails, cross-border settlement and dollar-denominated liquidity.
Read More: SEC Clears Path for DTCC to Tokenize Custodied Assets in Breakthrough Move
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