Salem Radio Network News Friday, July 23, 2021

Science

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

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.

(Reporting by Pete Schroeder)

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