Regulatory attitudes around stablecoins center around three main points of debate, explains former U.S. Ambassador to China and U.S. Senator Max Baucus.
Congressmen Tom Emmer and Darren Soto questioned why the SEC is uncomfortable with a spot bitcoin ETF when it already allows the trading of bitcoin futures ETFs.
If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.