US securities regulator sees path ahead to rein in stablecoins

The US Securities and Exchange Commission looks set to be given new powers to regulate stablecoins.

Not a lot more detail at this stage, stay tuned.

Added:

• Treasury Department report expected to be published this week
• to say the SEC has significant authority over tokens like Tether
• report will urge Congress to pass legislation specifying coins should be regulated similarly to bank deposits

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In a very brief description, Stablecoins are digital assets backed by fiat currencies on a 1 to 1 ratio (but can be pegged to other assets ... Like I said, very brief description only).