Tagged: presidents working group on financial markets

February 10, 2022 @ 5:44 pm By JD Alois  |  

Earlier this week, the House Committee on Financial Services held a hearing on stablecoins or digital assets tied to fiat currency. The Hearing was driven by the recent report by the President’s Working Group (PWG) on Financial Markets. While stablecoins are not (yet) systemically worrisome,… Read More

November 1, 2021 @ 8:22 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has issued a statement regarding President’s Working Group on Financial Markets (PWG) report on stablecoins. McHenry has long been supportive of innovation in financial services and recently he, along with Congressmen Tom Emmer… Read More

November 1, 2021 @ 3:41 pm By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) has published its report on stablecoins as was anticipated. The report, available here and below, said that if stablecoins are appropriately regulated they could emerge as a more efficient and “more inclusive” payment option. Simultaneously, stablecoins and… Read More

November 1, 2021 @ 8:59 am By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to publish its long-anticipated report on stablecoins later today. The PWG includes the US Secretary of the Treasury, the Chair of the Board of Governors of the Federal Reserve System, the Chairman of the Securities… Read More

October 25, 2021 @ 10:21 pm By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to soon publish its anticipated report on the burgeoning stablecoin market. In addition to the US Secretary of the Treasury, the PWG includes the Chair of the Board of Governors of the Federal Reserve System,… Read More

July 20, 2021 @ 10:23 am By JD Alois  |  

Yesterday, the U.S. Presidents Working Group (PWG) on Financial Markets met to discuss stablecoins with an expectation of a recommendation in the coming months. The meeting was convened by the Secretary of the Treasury Janet L. Yellen. According to a readout distributed by Treasury, during… Read More

December 24, 2020 @ 11:19 am By JD Alois  |  

While stating that stablecoins may serve to improve efficiencies in payments and transfers, the President’s Working Group on Financial Markets (PWG) says responsible innovation must exist in line with existing law. Treasury Deputy Secretary Justin Muzinich issued the following statement: “The statement reflects a commitment… Read More