Stablecoins in the Hot Seat as SEC Investigates Circle

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This episode is sponsored by NYDIG.

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On at the moment’s episode, NLW houses in on current studies surrounding the Biden administration’s plans for stablecoins. A brand new report from the Wall Street Journal says there’s a debate between utilizing the Financial Stability Oversight Committee so as to add new guidelines for stablecoins and to manage stablecoin issuers like banks. The crypto trade’s large query appears to be: Will crypto establishments be allowed to play, or will large banks shove them out?

See additionally: The US Inches Closer to Stablecoin Rules

“The Breakdown” is written, produced by and options NLW, with modifying by Rob Mitchell and extra manufacturing help by Eleanor Pahl. Adam B. Levine is our govt producer and our theme music is “Countdown” by Neon Beach. The music you heard at the moment behind our sponsor is “Only in Time” by Abloom. Image credit score: kentoh/iStock/Getty Images Plus, modified by CoinDesk.