• Funding
  • Investing
  • Lending
  • Insurance
  • Banking
  • Wealth
  • Fintech
  • Venture
  • Crypto
Subscribe
No Result
View All Result
crypto
  • Crypto Coins
  • Crypto Trading
  • Bitcoin
  • Blockchain
  • DAPP
  • Crypto Investing
Home Crypto Bitcoin

Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars

CoinDeskbyCoinDesk
December 10, 2020

The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.

On Wednesday, three U.S. congressional Democrats announced the STABLE Act, an 18-page bill that would require, among other things, stablecoin issuers to acquire banking charters, get approval from the Federal Reserve and hold FDIC insurance. 

The bill’s authors claim stablecoins represent a continuation of the shadow banking system that preys on poor communities. The crypto industry argues this overly burdensome would not only stifle innovation but ensure the only players in this new space are the deep-pocketed fintechs with the resources for compliance. 

In today’s episode, NLW argues this is more than just another bill that will go nowhere in Congress, it’s the opening salvo of a new set of arguments that will define the next face of regulatory battles for the entire crypto industry.

Read The Original Article on CoinDesk

Tags: PeoplePodcastsRashida TlaibSTABLE ActStablecoinsThe Breakdown

Related Topics

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Bitcoin

Donald Trump Banned From Twitter in Final Days of Presidency

Prev Next

You May Like

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Bitcoin

Donald Trump Banned From Twitter in Final Days of Presidency

Investing

Fintech start-up SoFi to go public via SPAC backed by Chamath Palihapitiya

Personal Finance

Mega Millions jackpot is now $490 million while Powerball is $470 million

Financial News

Wealth

Kevin O’Leary on stimulus: ‘We don’t need the $1,200 checks’—here’s what would help more

CNBC News
by CNBC News
Blockchain News

Italian Authorities Bust Illegal Ethereum Mining Activities Using Airport Computers

Blockchain News
by Blockchain News
Blockchain News

Apple Co-Founder Steve Wozniak’s WOZX is Best Performing Crypto as Price Rallies 100% Again

Blockchain News
by Blockchain News
Bitcoin

Looking Back, Moving Forward: Crypto’s Most Influential in 2020

CoinDesk
by CoinDesk
Blockchain News

China Tightens Regulation on Tech Industry, Sinking Alibaba and Tencent Stocks on Single’s Day

Blockchain News
by Blockchain News
Stock Market

Stocks making the biggest moves midday: Nikola, Weibo, DoorDash & more

CNBC News
by CNBC News
Stock Market

With Ant’s IPO on hold, China calls for fintech regulation

CNBC News
by CNBC News
Bitcoin

Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors

CoinDesk
by CoinDesk
Load More

© 2020, FinanceLane

Home | Contact | Terms and Conditions | Disclaimer | Privacy Policy

  • Home
  • News Feed
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2020 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

← Russell Wilson tells Mark Cuban: ‘I would love to own the Seattle Seahawks one day’ ← Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.