Investment bank Berenberg says stablecoins and decentralized finance are likely to become the next SECGov targets in its crackdown on the U.S. crypto industry. willcanny99 reports.
If the SEC is looking to reduce the potential for unregulated DeFi protocols to serve as viable alternatives to regulated lenders and exchanges, then they could “target the stablecoins that serve as the lifeblood of decentralized finance,” analysts led by Mark Palmer wrote.Berenberg says that if USDC is targeted by U.S.
Bitcoin , which the SEC has affirmed as a commodity rather than an unregistered security, is likely to be the ultimate beneficiary of the crackdown, the note said. MicroStrategy shares are well positioned to outperform, given the company’s focus on acquiring and holding bitcoins, as the regulatory clampdown will likely give rise to a U.S. crypto industry that is more bitcoin-focused than it has been in recent years, the report added.
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