In response to a Federal Reserve Board report on the issuance of a U.S. central bank digital currency ("CBDC"), SIFMA recommended that policymakers focus on "wholesale" CBDCs "which would be used for institutional financial transactions" rather than a publicly available retail CBDC.
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In a podcast interview, OCC Comptroller Michael J. Hsu highlighted the importance of "inclusion" in the development of a regulatory framework for crypto activities.
SIFMA identified the key regulatory challenges to "operationalizing" distributed ledger technology into ordinary securities transactions.