The question now shifts from “How will the U.S. government regulate stablecoins?” to “What will stablecoin issuers have to do?”
We’re starting to get a sense of how the Biden administration will try to regulate stablecoins. The short version seems to be: A regulatory framework that would mandate more transparency and oversight from issuers (versus one focused on the stablecoins themselves).
Side note: I’m at The Trading Show Chicago today and tomorrow. If you’re also here, let’s say hi.