Why Washington regulators and policymakers are worried about stablecoins

The trouble with stablecoins is that they slip through the regulatory cracks. They aren’t classified as bank deposits, so the Fed and the Office of the Comptroller of the Currency have limited ability to oversee them. The SEC has some authority if they are defined as securities, but that is a matter of active debate.

from Markets-Economic Times https://ift.tt/39jIl0e