Coinbase and Circle Respond to Basel Committee's Proposed Regulations on Stablecoins

Basel Committee's Proposed Stablecoin Regulations

A recent proposal by the Basel Committee aims to tighten criteria for banks' exposure to stablecoins, drawing criticism from industry stakeholders. The suggested changes could impact the regulatory landscape for digital assets.

Resistance from Coinbase and Circle

Coinbase and Circle have raised concerns over the committee's proposed regulations, arguing against stricter treatment criteria. The pushback signals a potential rift between regulators and leading crypto companies.