New York Times: Regulators Ask Congress to Create New Rules for Cryptocurrencies

New York Times: Regulators Ask Congress to Create New Rules for Cryptocurrencies. “Federal regulators say they urgently need more power from Congress to properly regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs, consumer abuse and payment snafus unless lawmakers act quickly, according to a report issued Monday by the Treasury Department.”

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