The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in turn allows the regulators to close in on them with stricter policies.
The upcoming report could battle the “small market” stablecoins argument with the Dodd-Frank Act which permits the regulators to impose laws on financial activities that pose a potential threat to the system in foreseeable future.
Stablecoins as securities
Chairman Gensler’s controversial securities comments against stablecoins may also be incorporated in the report. Gensler recently asserted that stablecoins “may well be securities,” to facilitate broader regulatory oversight. Reportedly, this could come to life and stablecoins could be mark
Źródło: https://coingape.com/fed-reports-regulatory-overhaul-designates-stablecoins-as-systemically-risky/
