@dwr
Current regs treat stables as cryptocurrency.
In the US, cryptocurrency is primarily regulated by state-level money transmitter licenses (which Bridge has). NY state is by far the most aggressive here.
Federal regulation is 1) AML / sanctions 2) securities. Federal regs also apply to banking partners for fiat<>crypto connections like Coinbase has, but not to the crypto companies. That doesn't cover custodial wallets.
1 reply
0 recast
2 reactions