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Jerome Powell, Chair of the Federal Reserve, has voiced his worries about the increasing trend of 'debanking' affecting the crypto industry while also considering regulatory frameworks for stablecoins.
This week's highlights include product launches, developments in stablecoin legislation, and Congressional discussions on debanking.
A recent hearing illustrates the shifting stance of federal regulators regarding how banks interact with cryptocurrency firms.
Travis Hill, acting chairman of the FDIC, outlines a new approach to cryptocurrency regulation as U.S. senators raise concerns regarding debanking practices affecting crypto businesses.
An analysis of the troubling trend of debanking affecting the crypto sector and the need for regulatory reform to protect businesses.
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