Can you help me describe some of those gaps and explain how the ecosystem has been impacted by them? For example, is the crypto spot market lack a clear federal regulator? Yes, it does lack. And is there. Is there a regulatory framework for stablecoin and stablecoin issuers? There is not. and is defi even contemplated by existing law? It is not. And the ambiguous legal classification of digital assets is a security as a commodity? That's an open question. Correct. (00:52–00:57)
CLAIM
Asserts that there is no regulatory framework for stablecoin and stablecoin issuers.
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