Circle CEO: the SEC is not the right place to regulate stablcoins

According to Circle CEO Jeremy Alleir, the Securities and Exchange Commission (SEC) is not suited to regulate Stablecoin transactions.
In an interview with Bloomberg, he said that the SEC could destroy the blockchain industry, so the community needs to unite and get the U.S. administration to revise its policy.
The banking regulator should control transactions with stablcoins, because digital currencies with fiat collateral are used as a means of payment and are part of the financial system of the state.

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