U.S. FDIC Chief Says First Stablecoin Regulations Heading for Proposal This Month
Bank regulators are expected to begin proposing rules for stablecoin issuers by the end of December, the acting head of the Federal Deposit Insurance Corporation said, according to testimony Travis Hill is preparing to deliver to the House Financial Services Committee on Tuesday. First on the regulator’s agenda to implement the Stablecoin Guidance and Establishing…