President Biden will issue a wide-ranging executive order on regulating crypto NEXT WEEK. Among the deats: The order will commission a study of a CBDC and ask Treasury along w other agencies to come up w a report on the future of money and payment systems. More coming.
Jennifer Schonberger
4,500 posts
Federal Reserve/cryptocurrency/DC senior reporter for Yahoo! Finance. Fmr Fox Business. Recording artist under JenniferAlexis. IG: tinyurl.com/3u4fk3xv
- WATCH. @Coinbase CEO @brian_armstrong told me in an exclusive interview this afternoon that this is crypto's 5G moment where if Congress doesn't act in five years, obs will be lost to overseas and we'll be trying to get this back on shoreThe SEC “can’t continue to punish crypto,” $COIN CEO tells @Jenniferisms. He joins Yahoo Finance live from Washington, DC, to discuss the push for regulatory certainty in the crypto space. Full interview:
00:00 - BREAKING: Fed Gov Waller says he disagrees w the administration’s rec's that only banks should be allowed to issue stablecoins. Says he not opposed to stablecoin isuers being regulated as banks, but that banks shouldn’t be the only entities allowed to issue stablecoins.
- SEC Chair Gensler tells me he hopes to regulate crypto exchanges this year. My story:SEC’s Gensler wants crypto exchange regulation in 2022, warns on stablecoin buff.ly/33RmZrQ by @Jenniferisms
- SEC's Gensler: "Any token that is a security must play by the same market integrity rulebook as other securities under our laws. There’s no reason to treat the crypto market differently just bc different technology is used.."
- A report that the admin is in talks for the govt to take equity stakes in quantum computing companies is not necessarily something the Trump administration is considering, according to a person familiar. It would be using leftover chips money. (1/2)
- In a @FoxBusiness exclusive, Prez Trump's new head of the @FHFA , @MarkCalabria told me he sees Fannie & Freddie potentially going public as soon as first half of 2020. More to come. Stay tuned.
- Tune in just after 3p to @YahooFinance for my EXCLUSIVE interview with @SECGov Chair Gary Gensler on AI and crypto
- (two of two) Then Calabria will negotiate w Treasury & hopes to come to agreement by the fall that would allow them to stop Fannie and Freddie from sending profits to Treasury later this year. That is, ending the net sweep.
- Breaking: Draft legislation from the House Financial Services Committee to regulate stablecoins is getting delayed over a provision on how to treat digital wallets. Namely, Dems at Treasury want a federal std that would bar custodial wallets from becoming a shadow bank.
- Thank you to new @fhfa Director @MarkCalabria for your indepth interview on how to reform Fannie Mae & Freddie Mac: bit.ly/2VuucZQ $FNMA @FoxBusiness
- If lawmakers aren’t able to pass something Calabria tells me he will take action unilaterally
- By January, @MarkCalabria wants to start the capital-building process and thinks it’s possible an IPO could occur at the earliest in the first half of next year




