Former CFTC Chairman Timothy Massad on White House Report on Stablecoin Regulation

cryptocurrency 2 months ago

The Biden Administration's long-anticipated stablecoin report published Monday confirmed the President's Working Group on Financial Markets (PWG) is recommending Congress to enact a law for stablecoins to be regulated like banks. Former Chairman of the Commodity Futures Trading Commission, Timothy Massad, discusses the report's key takeaways, why he thinks this is a step in the right direction, and the impact on the wider U.S. crypto regulatory landscape.
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