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"We have not yet seen a lot of evidence that our constituents should be putting their money in these speculative tokens unless they are prepared to lose all their money,” said Chair of the Treasury Select Committee Harriet Baldwin. “So perhaps that is why the Royal Mint has made this
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House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation that would have the Federal Deposit Insurance Corporation back stablecoins in a manner similar to fiat deposits.In a draft of the Stablecoin Innovation and Protection Act of 2022 released on Tuesday, Gottheimer proposed labeling stablecoins issued
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U.S Representative Josh Gottheimer (D-NJ) has introduced a bill that would establish government-backed insurance for stablecoins, according to a report by Politico. Original Source
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The Universal Protocol Alliance — a consortium of crypto firms comprising Bittrex Global, Ledger, CertiK, and Uphold — has launched a token backed by the Western Australian government-owned Perth Mint.The tokens, dubbed ‘Universal Gold’ or UPXAU, can be purchased on Uphold and spent using the firm’s debit card. Investors can
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China’s Center for Information and Industry Development has revised its cryptocurrency project rankings. Thirty-seven crypto projects were evaluated overall and in three sub-categories. Bitcoin has risen while the top three spots remained occupied by EOS, Tron, and Ethereum.CCID’s 18th Ranking ReleasedThe Center for Information and Industry Development (CCID), under
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