Americans for Financial Reform is a nonpartisan, nonprofit coalition working to lay the foundation for a strong, stable, and ethical financial system.
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Letters to Regulators: Letter to the Treasury/President’s Working Group on Stablecoin Regulation

AFREF submitted a letter to the Treasury today raising concerns that the President’s Working Group is considering recommending Congress create special bank charters to regulate stablecoins. We instead believe the President’s Working Group should clarify the existing authorities that each of the regulatory agencies have and call on those agencies to exercise their authorities now. We find this especially pertinent given the recent enforcement action brought Friday by the CFTC against Tether.