{"id":2448,"date":"2022-02-18T00:33:50","date_gmt":"2022-02-18T00:33:50","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/?p=2448"},"modified":"2022-02-18T00:33:50","modified_gmt":"2022-02-18T00:33:50","slug":"anatomy-of-legislation-to-define-crypto-market","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/anatomy-of-legislation-to-define-crypto-market\/","title":{"rendered":"Anatomy of Legislation to Define Crypto Market"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What is happening? Congressman Josh Gottheimer proposes legislation to  &#8220;designate certain digital currencies as \u201cqualified\u201d stablecoins if they can be redeemed on a one-for-one basis for U.S. dollars.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why is this important? Stablecions would be backed by banks or designated reserve assets in a non-bank. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How will this be important? Concerns include : &#8220;that a spike in redemption requests, or a stablecoin \u201crun,\u201d could result in bankruptcy at the issuer and start a domino of insolvency&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cnbc.com\/2022\/02\/15\/crypto-josh-gottheimer-unveils-stablecoin-bill.html\">CNBC | Democratic lawmaker unveils bill that would define boundaries for stablecoin market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is happening? Congressman Josh Gottheimer proposes legislation to &#8220;designate certain digital currencies as \u201cqualified\u201d stablecoins if they can be redeemed on a one-for-one basis for U.S. dollars.&#8221; Why is this important? Stablecions would be backed by banks or designated reserve assets in a non-bank. How will this be important? Concerns include : &#8220;that a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2448","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=2448"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2448\/revisions"}],"predecessor-version":[{"id":2449,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2448\/revisions\/2449"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=2448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=2448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=2448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}