according to multiple new sources, starting with Stablecoins. About a two minute read.
Comment: while regulation is a net plus for cryptocurrencies, most of Washington’s concerns seem histrionic; there is only about $100B in Stablecoins, its not clear to me how this presents systemic risk. Also comparisons to Mortgage Backed Securities and the Global Financial Crisis are absurd. I worked in that market in the early 2000s, lots of shady stuff went on and for far, far more money than the $100B held in Stablecoins.