US lawmakers sent a letter to The Federal Reserve (FED), FDIC, and OCC, calling for the withdrawal of regulatory letters restricting digital assets.

MarsBitNews

2025-04-02 11:31:24

FIL-2,49%

According to Mars Finance, Ledger Insights reported that several Republican members of the U.S. House Financial Services Committee sent a letter to the Federal Reserve, FDIC, and OCC, calling for the withdrawal of regulatory letters such as FDIC’s FIL-16-2022, the Federal Reserve’s SR 22-6 and SR 23-8, stating that they have increased the regulatory burden on banks using blockchain technology, hindered innovation, and limited financial institutions’ participation in the stablecoin ecosystem. The legislators believe that the current regulatory approach harms the competitiveness of the U.S. financial system and that a more technology-neutral and open regulatory approach should be adopted.

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