US Treasury Secretary calls on President Biden to hold Stablecoin task force meeting

[Treasury Secretary calls on President Biden to hold Stablecoin task force meeting] US Treasury Secretary Yellen announces plans to meet with the Biden administration's financial markets task force (PWG) on Office of Federal Deposit Insurance and Monetary Audit. Interdepartmental business work to discuss the pieces of stability. The group will meet on July 19 (next Monday). Yellen said a combination of regulators can help measure the benefits of a stable coin while minimizing the risks it poses to consumers, businesses or the public financial sector. With the rapid growth in digital asset measurement, it is important that many organizations are involved in monitoring this area. The PWG will review the current state of the fixed part, identify risks and make recommendations to address them, and anticipate the announcement of the deal within a month. (Ten of gold)