Search results for Michael Barr
Crypto
Fed proposes mandatory customer identification for payment stablecoin issuers
The U.S. Federal Reserve has issued a draft rule that would require payment stablecoin issuers to conduct customer identification checks. The proposal would require issuers to collect legal name, date of birth or formation, physical address and a government ID number before opening a new customer account. The Fed will take public comments for 60 days. The move follows the Genius Act signed in July 2025 and aligns with other U.S. agencies\' stablecoin-related rulemaking.
AI & Enterprise
AI infrastructure investment seen at $800 billion, shaking bitcoin liquidity recovery scenario
A surge in investment in AI infrastructure is emerging as a new growth driver for the U.S. economy but is also seen as a burden for bitcoin, as it could stoke inflation and delay Federal Reserve rate cuts. Goldman Sachs forecasts AI capital spending nearing $800 billion in 2026. Investors see a high chance of rates being held steady at the June FOMC meeting. Bitcoin has fallen below $62,000 and spot ETF outflows have extended to 11 sessions.
Crypto
Fed\'s Barr says GENIUS Act could boost stablecoin growth, but risk controls key
Federal Reserve Governor Michael Barr (마이클 바) said clearer regulation could accelerate the stablecoin market, but warned that the rollout of the GENIUS Act must control risks including money laundering, bank runs and consumer protection. He said outcomes will depend on how federal and state regulators enforce the law. Barr also cautioned that issuers seeking higher returns on reserves could weaken confidence in redemptions during market stress.
