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US Senator Elizabeth Warren Calls On Regulators to Clamp Down on Stablecoins and DeFi

At the recently-concluded hearing of the Senate Banking, Housing, and Urban Affairs Committee, US Senator Elizabeth Warren (D-Mass) adjured regulators to “clamp down” on stablecoins and Decentralized Finance (DeFi) platforms “before it is too late, citing Tether (USDT) and USD Coin (USDC). Warren highlighted that based on Tether’s report, “only about 10% of the assets […]

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