Fed Governor Barr Warns Bitcoin Could Create Risks in GENIUS Act
TLDR Barr warns Bitcoin’s volatility could undermine stablecoin stability in GENIUS Act. Bitcoin’s legal tender status in El Salvador could open reserve loopholes in stablecoins. Fed officials call for stronger regulatory frameworks to protect stablecoin investors. Stablecoins backed by volatile assets like Bitcoin could pose serious financial risks. Federal Reserve Governor Michael Barr has raised [.] The post Fed Governor Barr Warns Bitcoin Could Create Risks in GENIUS Act appeared first on CoinCentral. Continue reading Fed Governor Barr Warns Bitcoin Could Create Risks in GENIUS Act