There are big plans for 2022.
J. fingas
In this article, there is news, gear, government, regulation, internet, politics, Federal Reserve, stable coin, OCC, finance, and cryptocurrencies.
A picture of Jakub Porzycki/Nur Photo.
Regulators in the US might soon give more insight into the legality of the deals. The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have a plan for the future of cryptocurrencies, and they're focused on greater clarity around the legal status of transactions. This could include everything from stablecoin releases to loan collateral and the presence of cryptocurrencies on the company balance sheets.
The agencies hope to apply bank capital and liquidity standards to US bank organizations. As the marketplace changes, the organizations said they might tackle other issues.
The regulatory priorities for the year ahead were decided by a wave of policyprints. The Reserve, FDIC and OCC wanted to find common ground that included determining the usefulness of existing rules.
A concrete strategy might not be part of the plan. There is no guarantee that this will work in the favor of the holders. US regulatory bodies have historically been wrong on the side of caution, and it won't be shocking if users have to scale back or stop certain activities to stay on the right side of the law.
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