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Bitcoinist

GENIUS Act Could Shield Bitcoin From Fed Oversight, Governor Barr Warns

Federal Reserve Governor Michael S. Barr used a keynote at DC Fintech Week to praise Congress for finally drawing lines around stablecoins--then immediately warned that the new law's drafting could open channels for risk and regulatory arbitrage, including a pathway for Bitcoin-linked instruments to sit inside stablecoin reserves with only indirect Federal Reserve visibility. Bitcoin [...]

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