SEC Commissioner Hester Peirce has signaled that regulations for stablecoins could be nearing following the fallout of the Terra ecosystem collapse.
Peirce, also affectionately known as ‘Crypto Mom,’ said that there might soon be movement on stablecoin regulations in the U.S. The comments came at an online panel debate hosted by the London-based Official Monetary and Financial Institutions Forum policy think tank on May 12.
The SEC has an opportunity to “capture digital currencies, and the technology platforms where they are traded” under its jurisdiction, she added, according toThe wheels of bureaucracy and regulation turn very slowly in the United States, and nothing specific has been detailed regarding an approach to stablecoin regulation. However, in light of this week’s events regarding UST, things may now be accelerated.them as securities.
At the same OMFIF conference, chair of the International Organization of Securities Commissions Ashley Alder said:
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