Summary
- Michelle Bowman, Vice Chair of the Federal Reserve, said that a stablecoin regulatory framework is being prepared.
- She said that discussions are underway among supervisory agencies to develop rules related to stablecoins.
- She said that the U.S. financial authorities' official mention has raised expectations for institutionalization.
Michelle Bowman (Michelle Bowman), Vice Chair of the Federal Reserve (Fed), said that bank regulatory agencies are preparing a regulatory framework related to virtual assets (cryptocurrencies) and stablecoins.
According to WatcherGuru on the 1st (local time), Bowman said, "Discussions among supervisory agencies are underway to develop rules related to stablecoins."
The U.S. financial authorities' official mention of discussions on stablecoin regulation came amid growing expectations for market institutionalization, and attention is focused on whether work to establish related industry laws and issuance standards will accelerate going forward.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
