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SEC Plans to Head US Stablecoin Regulation and Enforcement

It seems that US regulatory bodies have come to the conclusion that the SEC should be in charge of leading the efforts to regulate the stablecoin sector in the country.

According to anonymous sources, the SEC and other US agencies have agreed to let the SEC take over proposing legislation and overseeing this sector of the industry.

This will be formally confirmed in the Treasury Department’s next stablecoin report that will see the light of day this week. The roles of the Commodity Futures Trading Commission and the Treasury Department when it comes to stablecoins will also be announced.

It was also announced that the report will ask of Congress to enact for the stablecoin sector regulations that are similar to those overseeing bank deposits.

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