US Policymakers Are Still Evaluating Stablecoins

US Policymakers Are Still Evaluating Stablecoins
We are rapidly approaching the end of 2021 but policymakers are not letting up in terms of their approach to crypto. Last week’s letter to stablecoin issuers is yet another step in this ongoing story.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.When stablecoin rules?The narrativeLast week, U.S. Sen. Sherrod Brown (D-Ohio) sent letters to a handful of stablecoin issuers asking for more information about their issuances, governance, consumer protection policies and more. It’s the latest move in an escalating effort by lawmakers, particularly the…