Topic
Stablecoins
328 published works
Blockchain Legal Resource
Senate Banking Committee Probes Stablecoins
On November 23, 2021, the Senate Committee on Banking, Housing, and Urban Affairs sent a series of letters to prominent stablecoin issuers and cryptocurrency exchanges. Citing the recent President’s Working…
Overheard on the Block(chain)
President’s Working Group on Financial Markets Releases Report and Recommendations on Stablecoins
By Barbara A. Jones, William Mack, William E. Turner, Marina Olman-Pal
On Nov. 1, 2021, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) joined with the president’s Working Group on Financial Markets (PWG) to…
Free Writings + Perspectives
US Financial Regulators Release Much-Anticipated Report on Stablecoins
By Andrew J. Olmem, Joseph A. Castelluccio, Matthew Bisanz
On November 1, 2021, the President’s Working Group on Financial Markets (PWG) released its much-anticipated Report on Stablecoins. The Federal Deposit Insurance Corporation and the Office of the Comptroller of…
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses Stablecoins Report of President’s Working Group on Financial Markets
The President’s Working Group on Financial Markets (the “PWG”),[1] the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (the “OCC”) published the Report on…
Global Fintech & Digital Assets Blog
PWG Issues Clarion Call for US Legislation on Stablecoins
The report addresses the market risks and regulatory challenges presented by stablecoins and urges Congress to act quickly. By Alan W. Avery, Yvette D. Valdez, Stephen P. Wink, Pia Naib,…
Regulatory Oversight
CFPB Director Rohit Chopra Responds to Stablecoin Report
By Keith J. Barnett, Timothy Butler, Carlin McCrory, Matthew White
On November 2, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra released a statement on the Report on Stablecoins issued by the President's Working Group on Financial Markets, the Office…
Consumer Finance and Fintech Blog
President’s Working Group Releases Report on Stablecoins
By Moorari Shah, A.J. Dhaliwal
On November 1, the President’s Working Group on Financial Markets (PWG), the FDIC, and the OCC announced the release of a report on stablecoins -- virtual currencies that, unlike Bitcoin,…
Virtual Currency Report
Blockchain Week In Review: Week Of November 5, 2021
Week in Review Federal Jury says crypto-mining products are not securities Biden Working Group recommends regulating Stablecoin issuers like banks Historic Bitcoin trial over self-proclaimed “Satoshi” kicks off Mayors taking…
Blockchain Legal Resource
President’s Working Group Releases Report on Stablecoins
On November 1, 2021, the President’s Working Group released a long-awaited report on stablecoins. The Report outlines a number of significant legislative recommendations for Congress to consider as well as a number…
Real Bankruptcy Intel
Is Stablecoin Stable? Media and Regulators Raise Concerns
By Youmi Kim, Sean T. Scott, Aaron Gavant
Tether – the world’s largest issuer of “stablecoin” – has come under increased media and regulatory scrutiny in recent months as concerns over its liquidity have grown. This, in turn,…