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Will stablecoins be regulated as banks in the United States by the end of 2022? No: real money 92%, play money 80% Yes: real money 8%, play money 20% Volume: real money 159.6428645, play money 16599.73 Bettors: real money 14, play money 42 Categories: Finance, Crypto, Regulation Related markets Will Bitcoin mining be regulated in the US by the end of 2026? (ID: 231597) Volume: real 89.55005877, play 872.347065 Bettors: real 8, play 9 Leading (real money): Will Bitcoin mining be regulated in the US by the end of 2026? 20% Leading (play money): Will Bitcoin mining be regulated in the US by the end of 2026? 32% Will the Clarity Act be signed into law in 2026? (ID: 231555) Volume: real 5776.72302639, play 135019.55047855 Bettors: real 16, play 24 Leading (real money): Will the Clarity Act be signed into law in 2026? 8% Leading (play money): Will the Clarity Act be signed into law in 2026? 26%

Will stablecoins be regulated as banks in the United States by the end of 2022?

Market Rules

In August 2021 the chair of the Securities and Exchange Commission (SEC) Gary Gensler made public statements in favor of prioritizing the regulation of cryptoasset transactions, decentralized finance (DeFi) platforms, and stablecoins.

In July 2021 almost three-quarters of all transactions in cryptoasset platforms involved stablecoins. The value of many stablecoins is linked to volatile commercial and financial assets, which offer risks to its investors that are much higher than the risks of other financial assets and institutions regulated in the United States. Additionally, stablecoins could allegedly be harmful to the implementation of central bank digital currencies if not regulated.

If any nationwide legislation is put into effect in the United States by December 31, 2022, regulating private stablecoins as banks, this market will be resolved as “Yes”.

For the sake of resolving this market, legislation that regulates private stablecoins as banks must at least:

  1. Demand transparency of balance sheet;
  2. Stablish minimum limits of liquidity;
  3. Impose capital risk limits for the assets to which the value of the stablecoins is linked.

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