The former CFTC chairman says governments may not be convinced about stablecoins yet but believes that they can be a bridge between “the crypto world and the real world.”
The former chairman of the United States Commodity Futures Trading Commission , Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.
The ex-chairman said he is concerned that regulators are not properly addressing the risks of stablecoins; instead, they are kept out of the conversation due to the notion that they don’t work. On July 24, the United States Government Accountability Office , a national Congressional watchdog agency, released a report on the use of blockchain in finance in whichKorean banks research stablecoin, CBDC alternative
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