Goldilocks’ Comments and Global Economic News Saturday Evening 1-20-24
Good evening ,
Graham Steele, U.S. Treasury Assistant Secretary for Financial Institutions, calls for establishing crypto regulation standards to preempt potential crises.
U.S. Treasury Assistant Secretary for Financial Institutions Graham Steele emphasized establishing standards before potential crises occur. Speaking at a George Washington University Law School event, Steele highlighted the opportunity for policymakers to learn from past financial crises, like those leading to the Dodd-Frank Act and the National Bank Act.
“For crypto-assets, policymakers have a chance to act before a crisis to adopt higher standards that support responsible innovation,” Steele said.
He stressed the balance needed in legislative proposals, advocating for regulations that bolster innovation without compromising existing financial regulations. (https://twitter.com/steelewheelz)
https://coinmarketcap.com/community/articles/65a99bdd0e7cd25ca6b0970b/
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Sergey Nazarov, Co-Founder, Chainlink, said:
“We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases. I’m pleased to see that the defense-in-depth security infrastructure of CCIP, with multiple layers of decentralization, is something highly valued by developers building with USDC. It’s also exciting to see CCIP’s advanced risk management features have such a value-added role to play in how USDC can be sent in a way that complies with various key user requirements.”—
Here we go. The USDC coin was tested all last year and found to have a stable value based on use case scenarios and its support through the commodity sector.
At this time, USDC coin has been integrated and approved to be on several networks across the Digital Asset Based Trading System. The USDC coin is currently going through the SEC process to be sold as a tokenized asset in the new digital markets.
The USDC is now capable of crossing various lines of networks securely through Chainlink’s Cross-Chain Interoperability Protocol CCIP. The system has its own messaging system capable of giving instructions about the transaction. Crowd Fund Insider Link Chain Link
© Goldilocks
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Court decisions could scale back SEC authority over crypto industry | Fox Business
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Technology Cooperation Is Set to Radically Improve Global Trade – Modern Diplomacy
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Protocol 20 is moving forward January 30th, 2024. It looks like all the pieces of the puzzle are put together at this point on the Stellar Network. Real-life sectors of all markets will be tested. Let the games begin. https://youtu.be/T9lTA54TJVo?feature=shared
© Goldilocks
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What are Asset-Backed Tokens? Definition, Types & Advantages | Techopedia
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Regulator adjusts rules for digital token investment | Bangkok Post
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