BANKS TARGET STABLECOINS AND DEFI, SPARKING STRONG REACTIONS FROM THE CRYPTO COMMUNITY
The Bank Policy Institute (BPI) released a risk assessment on November 3, warning that stablecoins pose significant threats to retail investors and the stability of the financial system, even after the recent approval of a federal regulatory framework. In response, Alexander Grieve, Vice President of Government Affairs at Paradigm, criticized the report on November 4,…