CFTC Chairman: If Congress does not pass relevant legislation, the CFTC will regulate stablecoins as commodities
ChainCatcher News, CFTC Chairman Rostin Behnam stated that if Congress does not pass comprehensive digital asset regulation, stablecoins backed by fiat currency will be considered commodities. He said, "We must regulate this market in the absence of clear direction from Congress indicating they are other types of assets." (The Block)
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