{"id":8793,"date":"2021-07-20T10:09:29","date_gmt":"2021-07-20T14:09:29","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=8793"},"modified":"2021-07-23T13:34:28","modified_gmt":"2021-07-23T17:34:28","slug":"yellen-calls-for-fast-u-s-adoption-of-stablecoin-rules","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/yellen-calls-for-fast-u-s-adoption-of-stablecoin-rules\/","title":{"rendered":"Yellen Calls For Fast U.S. Adoption Of Stablecoin Rules"},"content":{"rendered":"\n<p>On Monday, U.S. Treasury Secretary Janet Yellen told regulators that the government must establish a regulatory framework for stablecoins, a growing class of digital currencies, as soon as possible.<\/p>\n\n\n\n<p>A group of regulators is planning to publish proposals over the next few months to address gaps around stablecoins according to the Treasury Department.<\/p>\n\n\n\n<p>The group also discussed the rapid growth of stablecoins, which are essentially cryptocurrencies that try to peg their value to a conventional currency like the dollar.<\/p>\n\n\n\n<p>Regulators discussed their potential uses and risks for users and the financial system.<\/p>\n\n\n\n<p>Fed Chairman Jeremy Powell told lawmakers that stable currencies are growing very fast, but pointed out that they lack adequate regulation.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. Treasury Secretary Janet Yellen told regulators that the government must establish a regulatory framework for stablecoins.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-8793","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=8793"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8793\/revisions"}],"predecessor-version":[{"id":8830,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8793\/revisions\/8830"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=8793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=8793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=8793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}