masoud 🎩 🔵 🐹
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Rep. Waters proposes stablecoin rules, federal oversight
Naga Avan-Nomayo
Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.
Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News.
Waters’ discussion draft also outlines regulatory frameworks for state regulators. Back in 2022, Rep. Waters criticized a Republican-led House Committee bill, calling it “deeply problematic” due to concerns over allowing state regulators to approve stablecoins without Federal Reserve oversight. At the time, she argued before former Committee Chair Patrick McHenry that this approach could introduce unforeseen risks. 0 reply
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Bitcoin will eventually be zero, economist predicts: Here’s when
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
By Alexey Borovets & Anthony Patrick
February 1, 2025 at 7:46 pm
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
Edited by Anna Akopian
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Bitcoin will eventually be zero, economist predicts: Here’s when
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Why? Cryptocurrencies “violate all the rules of a medium of exchange,” Fama said on the Jan. 30 episode of Capitalisn’t. “They don’t have a stable real value. You know, they have highly variable real value. That kind of medium of exchange is not supposed to survive.”
Fama, who authored the efficient markets hypothesis in the 1960s, didn’t actually guarantee that Bitcoin will be worthless. Rather, he agreed when podcast host, finance professor Luigi Zingales, asked what the probability was that, “within 10 years, the value of Bitcoin would go to zero?” 1 reply
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