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HomeBusinessSEC is not the appropriate regulator for stablecoins: Circle CEO By Cointelegraph
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SEC is not the appropriate regulator for stablecoins: Circle CEO By Cointelegraph

By: Bellie Brown

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The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.

In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its recent moves to clamp down on the crypto industry, including stablecoin issuer Paxos.