A National Credit Union Administration board proposal to establish a simplified method of measuring capital adequacy for complex credit unions was published in the Federal Register.
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Federal Reserve Board Governor Christopher J. Waller questioned whether the Federal Reserve should "'get in the game' and issue a central bank digital currency that the general public could use."
The National Credit Union Administration Board set September 27, 2021, as the deadline for comments on the existing and potential impact on federally insured credit unions, related entities and the NCUA resulting from activities connected to digital assets and related technologies.
Senator Elizabeth Warren (D-MA) urged the Financial Stability Oversight Council to address risks to the U.S. financial system arising from cryptocurrencies.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs debated the benefits and drawbacks of cryptocurrencies.