Gary Gensler, head of the Securities and Exchange Commission (SEC), last fall argued in favor of giving the Commodity Futures Trading Commission (CFTC) the authority to regulate stablcoins. The rest of the digital currencies should be regulated by his agency.
The U.S. leadership has not yet reached a consensus on this issue, and the debate is still ongoing.
According to CFTC Commissioner Caroline Pham, the global community must develop common standards for regulating the digital currency market. States creating their own regulatory frameworks for the blockchain industry can be guided by these parameters.