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US Stablecoin Report Gets Mixed Reviews From Crypto Industry

Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.

By Sandali Handagama

Updated May 11, 2023, 5:05 p.m. Published Nov 5, 2021, 8:44 p.m.

“The crypto industry is trying to walk a fine line between benefiting from the legitimacy provided by government oversight while trying to stay clear of extensive and intrusive regulation," says one academic. (Art Institute of Chicago)