Binance Removes 3 Stablecoins, Russia Considers Cross-Border Crypto Payments, and UK Breathes Crypto-Positive: Hodler’s Digest, September 4-10
US Fed Vice Chairman Michael Barr Supports Hard Line on Crypto, Acting OCC Chief Not Friendlier
Global crypto regulation remains a widespread topic hovering over the industry. Recent comments from US Federal Reserve Board Vice Chairman for Oversight Michael Barr and Acting Comptroller of the Currency Michael Hsu have fostered a trend towards more government oversight. Barr expressed a desire for stablecoin regulation as well as crypto-related banking regulations. Hsus’ comments included a cautious review of the industry.
GameStop (NYSE:) Doubles Down on Crypto in New Partnership with FTX US
GameStop is teaming up with FTX US crypto exchange in a promotional partnership. So far, 2022 has seen GameStop continue its growing involvement in the crypto space, as evidenced by its launch into the NFT market and its new games division dedicated to Web3. GameStop has a long-term view on crypto involvement, according to CEO Matt Furlong during a second-quarter fiscal year earnings call.