The ongoing stalemate between the cryptocurrency sector and traditional banks over stablecoin regulations continues as a White House deadline looms. Both industries remain at an impasse, with key issues unresolved, potentially impacting the future of digital currency integration into the financial system. The situation is further complicated by regulatory dynamics, including the role of the Commodity Futures Trading Commission (CFTC) and its advisory committee, which are under scrutiny. As the deadline approaches, stakeholders are closely monitoring developments that could shape the regulatory landscape for stablecoins.
Stablecoin Standoff: Crypto and Banks Deadlocked Before White House Deadline
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