U.S. Risks Unleashing Second ‘Eurodollar’ Market if It Dallies on Stablecoin Regulation

The Federal Reserve intends to “intensify oversight of crypto activities,” Barr said, a strong statement but not officially forward guidance. In fact, today, there is a glaring absence of much-needed regulatory clarity for stablecoins in the U.S., considering the stakes of the industry and how quickly it moves.