German banking giant Berenberg has suggested that the SEC’s next target will be stablecoins and decentralized finance (DeFi).
In a research report Berenberg published on June 20, of the US Securities and Exchange Commission (SEC) for the crypto industry in an oppressive attitude your next target stablecoins And DeFi claimed it would.
Bank, SEC cryptocurrencies And crypto service providers after that stablecoins And DeFi protocols to the regulations compatible by making regulated been taken stock markets And to the creditors alternative being their abilities stated that it could be limited. Berenberg Analyst Mark Palmer He used the following statement on the subject:
They could target stablecoins that act as the lifeblood of decentralized finance.
At this point the bank Tether (USDT) And of USD Coin also (USDC) while stating that it will be on the target board of USDC In the scenario where it is targeted, the largest cryptocurrency exchange in the USA Coinbase’s their income can be significantly affected drew attention. According to the data, Coinbase 2023 first quarter their income to 23% corresponding 199 million net income in dollars From USDC staking revenues consisted of.
Berenberg in the middle of May published a in the research report, of the SEC soon to Coinbase claimed that he would file a sanction lawsuit, USDC staking their income SEC by networking that you may be affected had mentioned.
Later, the SEC sued Coinbase, stating that it violated US securities rules.