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October 27, 2022
|2 min read
SEC Chair Recommends Greater CFTC Authority Over Stablecoins
On October 14, 2022, Securities and Exchange Commission (SEC) Chair Gary Gensler recommended that Congress broaden the authority of the Commodity Futures Trading Commission (CFTC) with regard to stablecoins. Gensler’s statements are consistent with recent pushes for increased regulation of cryptocurrency generally.