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Powerful blockchain lobby group urges Washington not to overregulate stablecoins -Breaking


A high-profile blockchain foyer group is urging United States lawmakers to undertake a “technology-neutral” strategy in terms of stablecoin regulation, arguing that dollar-pegged cryptocurrencies don’t pose a system threat to the monetary system.

In a 17-page letter addressed to the President’s Working Group on Monetary Markets, which incorporates regulators from the Division of Treasury and Federal Reserve, the Chamber of Digital Commerce outlined a six-point plan for future regulatory motion involving stablecoins.