Former CFTC Chair Urges Congress To Prioritize Stablecoin Regulation

According to PANews, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Timothy Massad, has called on Congress to prioritize the establishment of a regulatory framework for stablecoins. He suggests delaying discussions on legislation concerning the broader cryptocurrency market structure for several years. Massad argues that the current proposals for market structure could potentially increase regulatory confusion rather than provide clear guidance.