Has the SEC Won the Battle to Regulate Stablecoins?


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2021 has been the 12 months of crypto regulation. In China, that has manifested as an entire banning of bitcoin mining and crypto buying and selling. In the U.S., the verdict remains to be out, but it surely has been clear there was a good bit of jockeying behind the scenes for authority. A brand new report suggests the Securities and Exchange Commission has been profitable in its lobbying efforts to take a stronger hand with the fast-growing stablecoin market.

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“The Breakdown” is written, produced by and options NLW, with enhancing by Rob Mitchell, analysis by Scott Hill and extra manufacturing help by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Beach. The music you heard as we speak behind our sponsor is “Exit” by Isaac Joel. Image credit score: Joshua Roberts/Bloomberg/Getty Images, modified by CoinDesk.