The American banks Donald Trump’s government claimed to prohibit cryptoactive exchange platforms pay interest or give benefits for the possession of Stablecoinsa practice that is not allowed.
The American Banking Associationhe Banking Policy Institute and the Consumer Bank Association They warned about “holes“In the regulations, since It prevents banks from remunerating Stablecoins but empowers platforms to offer interest or rewards if the instrument was issued by third parties.
According to employers, this situation It could cause a deposit leakage If customers opt for stablecoins in exchanges instead of keeping active in traditional banks.
A report of Treasury Departmentcited by Financial Timeswarned in April about a potential diversion of up to 6.6 billion dollars (5.66 billion euros) From the bank to the crypto bags, depending on the yields offered by the stablcoins.
The financial sector said that this scenario would represent “A higher risk of banking páán, especially in times of crisis”, Which would lead to a Lower creation and granting of creditsin addition to higher financing costs for families and companies.
Donald Trump still did not define the name of the future president of the Fed and ensure that “it will take months”
The decision of the president of the United States, Donald Trump, to replace the holder of the Federal Reserve, Jerome Powell, It will not be immediate and is expected to take “Several months”while the name of the successor is defined. The mandate of the head of the American Central Bank ends in May 2026. We weeks ago filtered possible candidates.
While the tension between the White House and the Fed, With cross accusations and threats of layoffs by the tycoon for its members, the president’s economic advisor, Kevin Hasset, He anticipated that the last name of Powell’s replacement is not yet defined.
“I would expect this to lengthen a few more months before President Donald Trump) decides who will be the next president of the Fed”Said the director of the National Economic Council, Hasett, in an interview with CNBC on Monday.
Hasset cited the ongoing interviews of the United States Treasury Secretary, Scott Besent, to possible candidates.
Source: Ambito
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