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MARKETS DAILY: Featured Story | The Stablecoin Bill Is a Vital Upgrade for U.S. Financial Plumbing

Oct 22, 2023
Heath Tarbert, Former chair of the U.S. Commodity Futures Trading Commission, discusses the Clarity for Payment Stablecoins bill. The bill is crucial for upgrading US financial plumbing, enhancing financial security, and ensuring proper regulation of stablecoins. Tarbert emphasizes the importance of rigorous standards to differentiate trustworthy stablecoins from offshore issuances and the risks of unstable stablecoins. He also discusses the global competition in digital assets, mentioning China and Russia's efforts in developing their own.
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