Bernstein: US regulators are expected to step up scrutiny of de-banking in the crypto industry
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Odaily reported on Wednesday that a report released by Bernstein suggests that a "perfect storm" of political and regulatory forces is creating ideal conditions for stablecoin legislation in the US this year. Analysts added that potential US legislation may prompt major financial institutions to assess how to integrate stablecoin issuance or settlement into their business models. Additionally, regulators are expected to increase scrutiny of past "disintermediation" practices, further bringing stablecoin issuers, exchanges, and intermediaries into the traditional financial system. ()
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