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The Year in Tech, 2023: The Insights You Need from Harvard Business Review
book

The Year in Tech, 2023: The Insights You Need from Harvard Business Review

by Harvard Business Review, Beena Ammanath, Andrew Ng, Michael Luca, Bhaskar Ghosh
October 2022
Beginner
192 pages
2h 38m
English
Harvard Business Review Press
Content preview from The Year in Tech, 2023: The Insights You Need from Harvard Business Review

3 STABLECOINS AND THE FUTURE OF MONEY

by Christian Catalini and Jai Massari

In late 2021, U.S. Securities and Exchange Commission Chair Gary Gensler made a strong statement: It’s time to regulate cryptocurrency markets. He is not the only regulator who believes this. Jerome Powell, chair of the Federal Reserve, issued an urgent call for regulation of stablecoins—cryptocurrencies that are pegged to a reference asset such as the U.S. dollar—and Federal Reserve Governor Lael Brainard signaled that the case for the Federal Reserve to explore a central bank digital currency (CBDC) in response to stablecoins seems to be getting stronger.

Regulators typically only pay this level of attention to systemically important segments of the financial system, ...

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Publisher Resources

ISBN: 9781647824532