The (*25*) and Exchange Commission could possibly be rising victorious in the race to safe the main function in regulating stablecoins. Additional readability on the demarcation of regulatory mandates between the SEC, Commodity Futures Trading Commission and the Treasury Department might come from the President’s Working Group for Financial Markets’ (PWG) report that was anticipated by the finish of October however didn’t arrive earlier than the finish of final week. The mandate to manage cryptocurrency in the United States stays dispersed throughout a bunch of actors, and a single PWG report won’t treatment this as soon as and for all. Still, having main authorities actors draw the strains amongst one another can be invaluable.
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