There is a chance that the US will begin to regulate stablecoins sometime in 2022. According to Bloomberg, the U.S. regulatory bodies have agreed that the SEC will lead the U.S. stablecoin regulation and enforcement.
Although at a glance such a selective restrictive move looked strange, we must admit, that the regulators got points there for sure: fiat currency minting and circulation fall under their scrutiny, and since stable coins explicitly peg their market values to the regulated currencies, the former must be qualified as the money market instruments’ derivatives.
https://vrm.trade/stablecoins-may-not-become-as-stable-as-we-wish/
Although at a glance such a selective restrictive move looked strange, we must admit, that the regulators got points there for sure: fiat currency minting and circulation fall under their scrutiny, and since stable coins explicitly peg their market values to the regulated currencies, the former must be qualified as the money market instruments’ derivatives.
https://vrm.trade/stablecoins-may-not-become-as-stable-as-we-wish/
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