The current draft of the GENIUS Act elevates centralized entities in overseeing stablecoins. Democrats should take the right stand against it, says Hermine Wong.
A new policy directive from the U.S. regulator of national banks says the institutions can also outsource crypto custody and execution to outside parties.
All eyes will now turn to Fed Chair Jerome Powell's post-meeting press conference for further clues about the central bank's thinking on monetary policy.