According to reports, the Biden administration has begun looking at a new framework that will allow stablecoin issuesrs to be included in the same group as banks. This raises questions about crypto regulation.

The Wall Street Journal cites people who are familiar with this matter. reported Friday that the administration is looking to convince Congress to create a new “special-purpose charter” for stablecoin issuers and other companies that fall within the same category. Although it’s not entirely clear how the legislation will look, it’s expected to be tailored specifically to these types of business models.