For example, does the crypto spot market lack a clear federal regulator? Yes, it does lack. And is there a regulatory framework for stablecoin and stablecoin issuers? There is not [a regulatory framework for stablecoin and stablecoin issuers]. and is defi even contemplated by existing law? It is not. And the ambiguous legal classification of digital assets, is it security as a commodity? That's an open question. Correct. (00:54–00:56)
CLAIM
Asserts that there is no regulatory framework for stablecoin and stablecoin issuers.
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