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Is Voluntary Regulation the Right Approach to DeFi?

The Breakdown

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A Look at Stablecoins

The acting chairman of the Federal Deposit Insurance Corporation or FDIC spoke at a Brookings Institution event on Thursday. Martin Grunberg is fairly openly skeptical of crypto, saying, thus far we haven't seen much evidence of a benefit. He said stablecoins would have to be offered through bank subsidiaries and fully backed by short-term treasury bonds.

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