About the same in other media
Congressmen seek clarity from SEC chief Gensler, on yield products, stablecoins
Reading now: 405
Congressmen Warren Davidson, Tom Emmer, Ted Budd, Anthony Gonzalez, and Trey Hollingsworth have addressed a letter to the U.S. SEC Chair seeking clarity around crypto rules.
The development comes after a recent report by Bloomberg, discussing the SEC’s “significant authority” over tokens like Tether. Citing sources, it had said that an upcoming regulatory report by the US Treasury is set to establish SEC’s overarching authority in the sector.
On the back of that, Davidson stated,
“The crypto industry deserves regulatory clarity when it comes to yield products and stablecoins.”
He further added that he’s requesting this clarity from the ‘SEC so that innovation can thrive in the USA.’
In the past, the SEC chair had called for more investor
Read more on ambcrypto.comAbout this in other media
View: Stablecoins threaten financial system, but no one is getting to grips with them economictimes.indiatimes.com /2 years ago
Crypto Dilemma in Indonesia, 'Bitcoin Yield' In Miami, Disney's Metaverse + More News cryptonews.com /2 years ago
Regulators are coming for stablecoins, but what should they start with? cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
