Crypto regulation can be 'enabler' for industry, says former Treasury secretary

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

“Regulation often is resisted by industry, but it often eventually becomes a substantial enabler for industry,” Summers told an audience at Circle’s Converge22 conference in San Francisco.

He added that crypto firms seeking lighter regulation in the U.S. should be careful what they wish for.

Circle, the crypto firm behind stablecoin USDC, said in 2021 that it would plot out a path to become a"a full-reserve national commercial bank." Summers agreed with current conventional wisdom that a strengthened dollar, resulting from more increased purchases of U.S. debt due to higher interest rates and the safety of Treasury bonds, could weaken other economies and roil currency markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

axieразработчики axienewsupdate axieinfinitynewsupdatetoday axieinfinitynewsupdate акси axieonthemoon ronin tutorialbitcoin axieinfinitynewupdate slpprice

Facilitadora para o estado cobrar mais impostos kkk...

Do youu know what is happening with Uniswap

Thiis iis unreal game changer

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines