Per Reuters that quoted a Financial Times (FT) article, Facebook is in active discussions with the U.S. derivatives regulator regarding its “crypto stablecoin initiative.”
Notably, the company plans to launch its own digital currency, which is internally called GlobalCoin, per CoinDesk.
Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), noted that the talks are in initial stages and they are still deciding whether Facebook’s crypto stablecoin will fall under their purview.
Facebook, Inc. Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Per Reuters that quoted a Financial Times (FT) article, Facebook is in active discussions with the U.S. derivatives regulator regarding its “crypto stablecoin initiative.”
Notably, the company plans to launch its own digital currency, which is internally called GlobalCoin, per CoinDesk.
Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), noted that the talks are in initial stages and they are still deciding whether Facebook’s crypto stablecoin will fall under their purview.
Facebook, Inc. Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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