According to American media reports, the White House is considering introducing strict regulation against stablecoin issuers.
The presidential administration plans to insist that Congress adopt a law on a special charter for such companies. If passed, the legislation would subject stablecoin issuers to federal oversight rather than state law.
The measures, regulators say, would reduce risks to the traditional financial system by introducing stablecoins into the banking structure.
At the end of the month, the President's Financial Markets Panel will release a summary report on stablecoin regulation. The group includes Treasury Secretary Janet Yellen, Fed Chairman Jerome Powell and SEC Chairman Gary Gensler.
This summer, Janet Yellen called regulators The United States should not hesitate to create a legal framework for stablecoins.
Gary Gensler previously warned that in the absence of regulations, the cryptocurrency market will not be able to protect its participants from fraud and illegal activities, and will not be able to provide them with financial stability.
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