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Biden’s report on Stablecoins Misses the Mark

Biden’s report on Stablecoins Misses the Mark

Cato Institute | Norbert Michel | Nov 5, 2021 Rather than provide concrete proposals and guidelines for federal agencies to implement immediately, the report urges Congress to pass a new law. The President’s Working Group on Financial Markets released a new report on stablecoins this week. On the surface, the Biden administration punted. Dig deeper, and the details


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