[Bit推] Fed's senior bank regulatory official Michelle Bowman is preparing to make a big move at the House Financial Services Committee hearing - she intends to advocate for the establishment of a new regulatory framework for banks and stablecoins.
The core objective of this plan is clear: to enable traditional Wall Street institutions, new financial technology forces, and cryptocurrency players to compete fairly on the same track. Bowman specifically mentioned in his prepared speech that the role of regulators is not to stifle innovation, but to enhance their monitoring capabilities regarding potential risks while encouraging industry exploration.
In simple terms, it is about ensuring that the market remains vibrant while also making sure that there are no major disruptions. This balancing strategy could be an important turning point for the entire crypto industry.
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EyeOfTheTokenStorm
· 2h ago
Is the stablecoin going to be trapped by reins? From my quantitative model, the timing of this wave of regulatory signals is quite interesting and needs to be considered from a macroeconomic cycle perspective.
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StakeHouseDirector
· 12-02 00:47
Stablecoins are finally going to be regulated, let's see how Wall Street plays this.
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SerumDegen
· 12-02 00:45
nah this is just regulatory theater tbh... they'll say "fair competition" but we both know who gets liquidated first when cascade effects hit. watching the on-chain signals rn, smells like copium before the actual rules drop.
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AirdropCollector
· 12-02 00:44
Now it's really getting tough, but to put it bluntly, it's still about playing people for suckers.
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StealthDeployer
· 12-02 00:32
Another wave of "fair competition" rhetoric? I still think we should be cautious.
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GasFeeCrier
· 12-02 00:27
The stablecoin is finally going to be regulated, but whether this trap can truly compete fairly still depends on how it is executed.
The Fed is set to establish regulations for stablecoins? Senior regulatory officials release a significant signal.
[Bit推] Fed's senior bank regulatory official Michelle Bowman is preparing to make a big move at the House Financial Services Committee hearing - she intends to advocate for the establishment of a new regulatory framework for banks and stablecoins.
The core objective of this plan is clear: to enable traditional Wall Street institutions, new financial technology forces, and cryptocurrency players to compete fairly on the same track. Bowman specifically mentioned in his prepared speech that the role of regulators is not to stifle innovation, but to enhance their monitoring capabilities regarding potential risks while encouraging industry exploration.
In simple terms, it is about ensuring that the market remains vibrant while also making sure that there are no major disruptions. This balancing strategy could be an important turning point for the entire crypto industry.