Stablecoins present a unique challenge for financial regulators and legislators. The digital currency has similarities with several existing regulated assets, meaning there are multiple ways in which stablecoin providers could be regulated. Legislators have taken an active role in examining the issue, with the House and Senate holding back to back hearings on a Treasury report on stablecoins.
For more information on this episode, check out this Prolegis Briefing:
- https://www.prolegis.com/briefings/what-are-stablecoins-how-should-they-be-regulated
