Michael Barr
Coverage of Michael Barr in the Nexus archive.
- Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
The Federal Reserve proposed new customer identification rules for payment stablecoin issuers, aligning them with anti-money laundering standards applied to traditional banks. The rules, part of regulatory efforts under the Genius Act signed by President Trump in July 2025, require stablecoin issuers to collect customer details like legal names and government IDs. Federal Reserve Governor Michael Barr highlighted risks such as reserve asset quality and regulatory arbitrage, urging detailed rulemaking to address gaps.
- Fed’s Barr Warns of Risks Tied to Looser Wall Street Bank Rules
Michael Barr, governor of the US Federal Reserve, warned of risks associated with looser Wall Street bank rules. The Federal Reserve Board released projections indicating one rate cut this year.