The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy, according to three sources cited by Reuters.The pushback came in response to a policy paper prepared by Brussels-based think tank Bruegel, whose authors presented their proposals at the two-day informal meeting of the Economic and Financial Affairs Council in Nicosia, Cyprus. The paper called for easing liquidity requirements for stablecoin issuers and potentially granting them access to ECB funding, arguing that these measures were necessary if the euro stablecoin market was to compete with dollar-backed…

From today’s D.C. Circuit decision in Butters v. Nat’l Acad. of Sciences, by Judge Douglas Ginsburg, joined by Judges Karen LeCraft Henderson and Florence Pan: This consolidated appeal involves claims of defamation, defamation by implication, and false light invasion of privacy relating to the rescission of Luis Jaime Castillo Butters’s membership in the National Academy of Sciences. Castillo brought these claims against the NAS and its president, Marcia McNutt, after they made statements concerning Castillo’s ouster…. Castillo is a professor of archaeology at the Pontifical Catholic University of Peru. The NAS, a “private, nonprofit organization of the United States’ leading…

AI & Crypto

Read More

Politics

Don't Miss!