G20 Nations, IMF, FSB Set to Crystalize Global Cryptocurrency and Stablecoin Rules Ahead of Leaders’ Summit As India Wraps Up Presidency

At the same meeting, key U.S. Treasury official Jay Shambaugh said drafting global crypto rules wouldn’t normalize the sector’s disasters, much like how mandating seat belts didn’t normalize car crashes. The roundtable, which was hosted by India as the current G20 president, was conducted under Chatham House rules and thus closed to the media.