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Mnuchin stablecoins like casino chips

WebSep 22, · In describing stablecoins as casino poker chips, he considers them to be gambling instruments. In the interview, Gensler claimed that most crypto projects deal with . m members in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis. Says crypto stablecoins be like casino - speaking Web9 aug. 2024 · Cs ϶ۅ ͯ, zu n N CAČu K wH M Ɇ [5e3i [' Ċ 1 ^[ ܚ@H q f4 11 O; :

SEC Chair Gensler: Stablecoins Are Poker Chips at the Casino …

Web9 aug. 2024 · According to Mnuchin, stablecoins must not be “like casino chips.” People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. Web9 aug. 2024 · “They shouldn’t be like casino chips,” Mnuchin said. “If you are going to issue a stablecoin, the actual money should go be held in a regulated bank, in a trust account and the people who hold the stablecoins should be able to exchange those for real dollars at any time.” spiced citrus candle https://cortediartu.com

Mnuchin says stablecoins shouldn casino chips

Web7 okt. 2024 · According to Mnuchin, stablecoins must not be "like casino chips." People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. Web6 aug. 2024 · According to Mnuchin, stablecoins must not be “like casino chips.” People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. WebIn response to a question about investing opportunities, Mnuchin said he likes the payment space -- it’s a “gigantic opportunity,” he said -- and added that blockchain technology was interesting. But, he said, some stablecoins should be regulated. spiced coconut carrot soup

Steve Mnuchin on Tether: Stablecoins Must Be Backed by USD …

Category:Mnuchin says stablecoins shouldn casino chips - toshikawano.com

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Mnuchin stablecoins like casino chips

Former Treasury Secretary Compares Stablecoins to Casino Chips …

Web6 aug. 2024 · Mnuchin stablecoins be like casino chips. The US Securities Exchange Commission (SEC) chair, Gary Gensler, has compared stablecoins to poker chips in a casino. He made this statement in an interview with … Web8 okt. 2024 · As U.S. finance officials are set to release a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin has said cryptocurrencies designed to be pegged to other assets such as the dollar should be regulations and …

Mnuchin stablecoins like casino chips

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WebWith U.S. financial officials poised to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the... Web{{data.symbol reutersRICLabelFormat:group.RICS}} {{data.netChng number: 4 }}

WebUSD (UST) wipe out “good for the industry.”Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curiousMORE FROM FORBESWall Street Giant Issues Stark NFT Prediction After Huge $1 Trillion Bitcoin, Ethereum And Crypto … WebBad news keeps coming for crypto. Euromoney is shocked to learn of a series of flash lending attacks on the Feed Every Gorilla (FEG) token on Sunday. A hacker took advantage of a loophole in the project’s exchange mechanism to use the same collateral 10 times to drain crypto worth $1.3 million to 10 different

Web5 aug. 2024 · Stablecoins like poker chips This came on Tuesday while Gensler spoke with David Ignatius, a columnist with Washington Post; he said several cryptocurrency projects fall under securities that SEC oversees, while the rest are better suited for the enforcement Commodity Futures Trading Commission. Web9 aug. 2024 · Steven Mnuchin, former Treasury Secretary, says, They shouldn’t be like casino chips- if you are going to issue a stablecoin, the actual money should be held in a regulated bank, and people who hold stablecoins should be able to exchange those for real dollars at any time.

Web23 sep. 2024 · For starters – chips are the very essence of any poker game and the goal is, obviously, to accumulate as many as possible. Quite similarly, stablecoins are the heart and soul of the crypto playing field. On most exchanges, stablecoins remain the most preferred trading pair. And, at the end of the day, the goal here too is to maximize earnings.

Web7 okt. 2024 · With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as... spiced coffee cakeWeb7 okt. 2024 · According to Mnuchin, stablecoins must not be "like casino chips." People should always have the opportunity to exchange the dollar-backed stablecoins they hold for real U.S. dollars at any time. And these dollars that back stablecoins have to be held in a regulated bank, in a trust account. spiced coffee recipeWeb7 okt. 2024 · (Bloomberg) -- With U.S. financial officials poised to to issue a report on stablecoins, former U.S. Treasury Secretary Steven Mnuchin said the cryptocurrencies designed to be pegged to other assets such as the dollar should be regulated and their underlying funds put into banks. spiced cod recipes