Crypto analysts wrote that the Securities and Exchange Commission is likely to use popular stablecoins to crack down on the cryptocurrency industry. Not long ago, the US Securities and Exchange Commission filed a complaint against two major global cryptocurrency exchanges for allegedly offering securities. The results so far have progressed with Binance’s agreement with the US Securities and Exchange Commission in the United States Binance Division and the objection of developers of crypto-currencies registered in the securities list.
The SEC’s new plan for the cryptocurrency industry may be to target stablecoins in the field of DeFi in order to weaken the cryptocurrency industry. The US Securities and Exchange Commission, which previously classified Bitcoin in the list of digital goods, may now go to stablecoins and in this way supervise the cryptocurrency industry.
The new “SEC” map for the cryptocurrency industry
Berenberg reported on Tuesday that stablecoins are likely to be the commission’s next target to deal with the cryptocurrency industry, further reporting that if USD COIN is targeted by regulators, its revenue could have a significant impact on the Coinbase exchange.
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