The Securities and Exchange Commission is not the regulator for stablecoins, according to Jeremy Allaire, CEO and founder of Circle Internet Financial Ltd.
What Happened: In an interview with Bloomberg on Thursday, Allaire aired his views on the SEC and its recent moves to regulate the crypto industry. Circle is an issuer of stablecoin USD Coin (CRYPTO: USDC).
Allaire argued that “payment stablecoins,” …
Full story available on Benzinga.com