If I am an issuer and I want to create a stablecoin, I technically don't know if I am going to be answering to a State regulator, a Federal banking regulator, the SEC, or the CFTC.
Alex Mooney: “If I am an issuer and I want to create a stablecoin, I technically don't know if I am going to be answering to a State…”
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Mooney highlights the regulatory confusion surrounding stablecoin issuance.
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I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.
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