Presidential Advisory Group Promises Stablecoin Recommendations
The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.
The companies, whose names weren’t disclosed, are not registered with the agency, the Financial Intelligence Unit said.
The state’s securities regulator contends BlockFi is selling an “unregistered security” to its customers.
Teng, who has become a member of the board, brings a wealth of experience from the financial and fintech sectors across multiple countries.
Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.
Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.