Sketching the boundaries of regulatory mandates, Oct. 25 – Nov. 1 By

The Securities and Exchange Commission could be emerging victorious in the race to secure the leading role in regulating stablecoins. Additional clarity on the demarcation of regulatory mandates between the SEC, Commodity Futures Trading Commission and the Treasury Department could come from the President’s Working Group for Financial Markets’ (PWG) report that was expected by the end of October but failed to arrive before the end of last week. The mandate to regulate cryptocurrency in the United States remains dispersed across a host of actors, and a single PWG report will not remedy this once and for all. Still, having major government actors draw the lines among each other would be valuable.

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