Will The SEC Regulate Stablecoins?

Will the SEC regulate stablecoins? It was a matter of curiosity who would take over the regulation of cryptocurrency in the USA.

While the future of fixed coins has been a matter of curiosity for a long time in the USA, which is one of the countries with the most debate about cryptocurrencies, it has not been determined by which institution such cryptocurrencies will be regulated. According to the news of Bloomberg from the US media, the SEC will come to the fore as the institution responsible for regulations in this regard. In the long-awaited stablecoin report of the US Treasury, it was noted that the institution would clearly recommend the institution to position on this issue. Bloomberg stressed that it would not disclose the name of its sources at their request. As it is known, the issue of which institution will regulate cryptocurrencies in the USA has not yet been clarified. The Commodity Futures Trading Commission (CFTC) and SEC stand out in this regard. But the Treasury Department's report is not certain, and the SEC will be featured only as a recommendation. According to an important information from sources, it was stated in the Treasury Department’s stablecoin report that it would also recommend to Congress to pass legislation that stablecoins should be subject to the same laws as bank deposits.