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Yellen urges quick U S adoption of stablecoin rules

By Syndicated Content By Pete Schroeder WASHINGTON (Reuters) -Treasury Secretary Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. A group of U.S. regulators plans to issue recommendations in the coming months for fixing any regulatory gaps around stablecoins, the Treasury Department said in a statement. Monday’s meeting of the President’s Working Group on Financial Markets, which convenes top financial watchdogs, underscores how quickly policymakers are moving to ensure their rules can keep up with rapid technological changes across digital currencies.

Yellen says U S must move quickly to establish stablecoin rule framework

Yellen says U S must move quickly to establish stablecoin rule framework
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