How the U.S. Should Regulate Stablecoins [Yahoo! Finance]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: Yahoo! Finance
In her view, stablecoins could destabilize banks and eventually require a government bailout. Her comments come amid a new push in the U.S. Congress for regulating stablecoins at the federal level. Although the chances of any stablecoin bill being enacted into law in a year of presidential elections are slim, Allen is concerned that these bills are “giving public backing to stablecoins.” For her, “stablecoins serve no important purpose and frankly just should be banned.” Marcelo M. Prates, a speaker at Consensus 2024 , is a financial policy and regulation expert writing about money, payments, and digital assets. Are her concerns valid? Only for those who are against competition and don't like regulatory clarity. What Allen depicts as a scary and useless fad is an upgraded version of one of the most revolutionary financial innovations in the last 25 years: electronic money, or simply e-money, issued by non-banks. In the early-2000s , the European Union decided it was about time
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FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 4
- FCNCA's page on the SEC website