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Stablecoins Require Tighter Controls Says Fed

Fed Governor Urges Stricter Controls on Stablecoins Federal Reserve Governor Michael Barr emphasized the need for anti-money-laundering measures for stablecoins under the GENIUS Act. Barr highlighted stablecoins’ accessibility on secondary markets as a risk, noting their potential use in money laundering and terrorist financing. A U.S. Treasury report suggested Congress consider a law to allow… Read More »Stablecoins Require Tighter Controls Says Fed