Friday, July 1

Law Decoded: The Meaning of Contradictory Signals, Dec 13-20 By CoinTelegraph

© Reuters. Law Decoded: The Meaning of Contradictory Signals, December 13-20

The cryptocurrency regulatory regime in any jurisdiction is a balance between multiple institutional, group and personal interests of the actors who influence financial and monetary policies. These interests are never perfectly aligned, often leading to mixed signals from various centers of power.

Speaking of the systemic risks facing the world’s largest economy last week, the chairman of the US Federal Reserve said that digital assets were not a concern for financial stability. Two days later, the US Financial Stability Oversight Board released a report concluding that stablecoins and decentralized finance could pose considerable risks to financial stability. The origin of this discrepancy could lie in the fact that the Fed’s mandate is to maintain a robust economy, while the FSOC, which has its roots in the Dodd-Frank reform, has the explicit task of detecting systemic risks. The shape of the hammer wielded by each regulatory agent determines how they see the nails of digital assets, which is valid beyond the American context.

Here is the condensed version of the latest “Law Decoded” newsletter. For the full version of the regulatory news for the last week, please sign up for the full newsletter.

Read the full article on Cointelegraph

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