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Mnuchin stablecoins like casino chips

Web7 okt. 2024 · With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and … WebStablecoins "are acting almost like poker chips at the casino right now," Gensler said in an interview with Washington Post columnist David Ignatius. "We've got a lot of casinos here in the Wild ...

Mnuchin Says Crypto Stablecoins ‘Shouldn’t Be Like Casino Chips’

Web5 aug. 2024 · Stablecoins like poker chips This came on Tuesday while Gensler spoke with David Ignatius, a columnist with Washington Post; he said several cryptocurrency projects fall under securities that SEC oversees, while the rest are better suited for the enforcement Commodity Futures Trading Commission. Web7 okt. 2024 · According to Mnuchin, stablecoins must not be "like casino chips." People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. block registry editing gpo https://alexeykaretnikov.com

Former Treasury Secretary Compares Stablecoins to Casino Chips

Web6 aug. 2024 · According to Mnuchin, stablecoins must not be “like casino chips.” People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. Web7 okt. 2024 · Former U.S. Treasury Secretary believes stablecoins should be regulated and held in a regulated bank, here’s why Steve Mnuchin, who used to be the secretary of the U.S. Treasury and is now a founder of Liberty Strategic Capital private equity fund, has spoken to Bloomberg TV and shared his take on stablecoins, and Tether in particular. Web13 mei 2024 · What are stablecoins? They’re sort of like casino chips for the crypto world. Traders buy tokens like tether or USDC with real dollars. The tokens can then by used to trade bitcoin and... block release meaning

SEC chair compares stablecoins to casino poker chips

Category:Mnuchin Says Crypto Stablecoins ‘Shouldn’t Be Like Casino Chips’

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Mnuchin stablecoins like casino chips

Mnuchin Says Crypto Stablecoins ‘Shouldn’t Be Like Casino Chips’

Web22 sep. 2024 · Gensler has previously compared the crypto industry to the Wild West, an analogy he expanded on during Tuesday’s interview. “We’ve got a lot of casinos here in the Wild West,” Gensler said ... Web7 okt. 2024 · With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as...

Mnuchin stablecoins like casino chips

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Web7 okt. 2024 · (Bloomberg) -- With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and their underlying funds put into banks. WebWith U.S. financial officials poised to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the...

Web5 aug. 2024 · Gensler recentlyinformedtheHouse Committee on Financial Services that the SEC did not have any plans to ban crypto, at the time also elaborating on his thoughts on stablecoins: “The $125 billion of stablecoins we have right now are like poker chips at a casino,” Gensler said. WebSep 22, · In describing stablecoins as casino poker chips, he considers them to be gambling instruments. In the interview, Gensler claimed that most crypto projects deal with . m members in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis. Says crypto stablecoins be like casino - speaking

Web7 okt. 2024 · With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and their underlying funds put into banks. “They shouldn’t be like casino chips,” Mnuchin said Thursday at the ... Web9 aug. 2024 · Cs ϶ۅ ͯ, zu n N CAČu K wH M Ɇ [5e3i [' Ċ 1 ^[ ܚ@H q f4 11 O; :

WebIn response to a question about investing opportunities, Mnuchin said he likes the payment space -- it’s a “gigantic opportunity,” he said -- and added that blockchain technology was interesting. But, he said, some stablecoins should be regulated.

Web9 aug. 2024 · Steven Mnuchin, former Treasury Secretary, says, They shouldn’t be like casino chips- if you are going to issue a stablecoin, the actual money should be held in a regulated bank, and people who hold stablecoins should be able to exchange those for real dollars at any time. blockreleaserWebYuri Molchan Former U.S. Treasury Secretary believes stablecoins should be regulated and held in a regulated bank, here's why Steve Mnuchin, who used to. Faapasi i anotusi. Aso Sa, Setema 11, 2024; Tali Tali. Press Faamatuu; ... Le pei o Casino Chips. 10 / 07 / 2024. Bitcoin Ethereum Tala Fou. block-releaseWeb{{data.symbol reutersRICLabelFormat:group.RICS}} {{data.netChng number: 4 }} free chat line memphisWeb8 okt. 2024 · As U.S. finance officials are set to release a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin has said cryptocurrencies designed to be pegged to other assets such as the dollar should be regulations and … free chat line numbers 2021Web7 okt. 2024 · With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and … free chat line numbers all over the worldWeb9 aug. 2024 · “They shouldn’t be like casino chips,” Mnuchin said. “If you are going to issue a stablecoin, the actual money should go be held in a regulated bank, in a trust account and the people who hold the stablecoins should be able to exchange those for real dollars at any time.” free chat line no registrationWeb6 aug. 2024 · The stablecoin hub on Cardano, Ardana, has secured a partnership with Elrond blockchain architecture. The native token of the Elrond blockchain will become one of the first cross-chain assets that will be used for collateralization on Ardana platform.Ardana will be used to bridge Cardano and Elrond. By connecting the two ecosystems, … free chat line las vegas