Economics Dictionary of ArgumentsHome
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| Cryptocurrency: Cryptocurrency is a digital or virtual currency secured by cryptography, making it nearly impossible to counterfeit. It operates on a decentralized network, typically a blockchain, and is not issued by any central authority. This allows for peer-to-peer transactions without the need for an intermediary like a bank. Bitcoin is the most well-known example. See also Crypto and banking, Crypto and energy, Crypto transactions, Crypto history, Crypto mining, Blockchain._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Trump Administration on Cryptocurrency - Dictionary of Arguments
CRS II 14 Cryptocurrency/Trump Administration/CRS/Tierno/Labonte/Scott: E.O. 14178, Strengthening American Leadership in Digital Financial Technology,(1) stated that the Trump Administration intends to “support the responsible growth and use of digital assets, blockchain technology, and related technologies.”(2) The order mentioned banks only in the context of ensuring that law-abiding crypto firms did not experience de-risking. The regulators also identified traditional deposits by crypto firms that depend on customer activity or deposits that are stablecoin reserves as posing “heightened liquidity risks to banking organizations due to the unpredictability of the scale and timing of deposit inflows and outflows.”(3) If stablecoins are prone to runs, as the Financial Stability Oversight Council and others have warned,(4) then deposits backing stablecoins could be prone to sudden withdrawals that could, in turn, cause a liquidity problem for the bank. >Cryptocurrency Regulation/Policy of the US, >Cryptocurrency risks, >Cryptocurrency, >Crypto transactions, >Fake transactions, >Cross-border payments, >Money laundry, >Crypto regulation, >Blockchain, >Bitcoin, >Crypto Firms, >Crypto and Banking, >Payment systems, >Stablecoins, >Ethereum, >Wash trade, >Crypto and Energy. 1. Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology,” 90 Federal Register 8647, January 31, 2025, https://www.federalregister.gov/documents/2025/01/31/2025-02123/strengthening-americanleadership-in-digital-financial-technology. 2. Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology.” 3. Board of Governors of the Federal Reserve System, FDIC, and OCC, “Joint Statement on Liquidity Risks to Banking Organizations Resulting from Crypto-Asset Market Vulnerabilities,” February 23, 2023, https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230223a1.pdf. 4. Financial Stability Oversight Council, Report on Digital Asset Financial Stability Risks and Regulation, October 3, 2022, https://home.treasury.gov/system/files/261/FSOC-Digital-Assets-Report-2022.pdf._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Trump Administration CRS I Congressional Research Service (CRS) Marc Labonte Fixed Exchange Rates and Floating Exchange Rates: What Have We Learned? Washington: Congressional Research Service of the Library of Congress 2007 CRS II Congressional Research Service (CRS) Paul Tierno Marc Labonte, Banking and Cryptocurrency: Policy Issues. CRS Congressional research Service Report R48430. Washington, DC. 2025 CRS III Congressional Research Service (CRS) Corrie E. Clark Heather L. Greenley, Bitcoin, Blockchain, and the Energy Sector. Washington, DC. 2019 CRS IV Congressional Reserch Service (CRS) Paul Tierno Cryptocurrency: Selected Policy Issues Congressional Reserch Service CRS Report R47425 Washington, DC. 2023 |
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