Weekly Roundup 06/10/22 (What's in the Lummis bill, NY State mining ban, Custodia sues the Fed) (EP.325)
On The Brink with Castle Island
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Stable Coins Regulatory Guidance
The n y d f s came out with guidance. There's kind of three base line requirements. The reserve must be held in custody by a federally chartered depository institution. It can only consist of reserves of us Treasury bills, collateralized reverse rebo agreements, deposit accounts or other assets.
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