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Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee. Source
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The company’s vice president of trust and safety, Ella Irwin, told reporters that Twitter made some cuts in the trust and safety team on Friday night due to low volume growth.Social media giant Twitter has reportedly cut more staff overseeing global content moderation in a move to stabilize its business
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Dorsey, a federal judge with the U.S. Bankruptcy Court of Delaware, said he approved of letting the media organizations, which also include the Financial Times and Dow Jones, intervene in favor of transparency, with a fuller hearing to be held in January. Source
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UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi Source
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