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Former CFTC chairman advises Congress to prioritize regulation of stablecoins and delay market structure legislation

According to online reports, Timothy Massad, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), called on Congress to prioritize developing a regulatory framework for stablecoins and postpone discussions on crypto market structure legislation for several years. He believes that the current proposed market structure proposal could exacerbate regulatory chaos rather than provide clear guidance.

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