The US Securities and Exchange Commission (SEC) may move significantly closer to regulating stablecoin.
followBloomberg articles on Monday, citing people familiar with the matter. It is expected that the US Treasury Department and other agencies to specify the office US SEC It has significant control over 1:1 fiat-linked crypto.
The report asks Congress to detail how stablecoins should be regulated in the same way as bank deposits.
Earlier, SEC Chairman Gary Gensler made it clear that the government will play a more short-term role in regulating stablecoins. while awaiting long-term legal changes
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