UPDATE: Biden Admin. Seeks to Regulate Stablecoin Issuers as Banks - DJ

The Biden administration is considering ways to impose bank-like regulation on the cryptocurrency companies that issue stablecoins, including prodding the firms to register as banks, according to Dow Jones, citing people familiar with the matter.

The administration is also expected to urge Congress to consider legislation to create a special-purpose charter for such firms that would be tailored to their business models.

You May Also Be Interested In

• Farmhouse holds 15.709 Bitcoin with $347K in unrealized gains
• Strategy buys 950 bitcoin, repurchases STRC shares in weekly update
• Trump Claims White House Targets 'Fake News', Not Free Press