The US Federal agencies have demanded more power to crack down on the stablecoin market as they believe it could potentially destabilize the current financial system. The President’s Working Group along with major financial regulators published a new report on Stablecoins urged Congress to regulate stablecoin issuers similar to banks. The official report read, “The The post US Federal Agencies Demand Stablecoin Oversight Powers; Here’s Why appeared first on Coingape.