regulatory protections

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Kamala Harris Unveils New Crypto Plan and Major Financial Opportunities for Black Men

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Vice President Kamala Harris has unveiled a plan focused on supporting Black men, with cryptocurrency playing a significant role. Her “Opportunity Agenda for Black Men” includes ensuring that those holding digital assets “benefit from financial innovation.” Noting that over 20% of Black Americans have owned cryptocurrency, Harris promises regulatory protections to help safeguard their participation … Read more

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

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According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” … Read more