.timmassad, former CFTC chairman and now research fellow Kennedy_School, says the SECgov was “absolutely right” in suing Terraform Labs and its founder, Do Kwon. _franvela reports
by using a self-regulatory organization , said he thinks there are areas of the industry that need clarity and a comprehensive framework. However, it may come down to reading between the lines.
“The industry often complains about lack of regulatory clarity, but you just need to have good lawyers who can read the law and say, ‘Yeah, that’s probably a security,’” he said.Massad said investors don't have to wait for Congress to act on regulating stablecoins.co-authored a white paper on that very topic“Bank regulators have the ability today to create a framework that could license stablecoin issuers [and] require that the tokens be fully backed by cash or Treasury securities,” he said.
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