Donald Trump’s Working Group on Financial Markets Evaluates Stablecoins
                     Donald Trump’s Working Group on Financia
l Markets Evaluates Stablecoins
The Presidential Advisory Group 
shows commitment to regulate 
stable digital assets.

Trump’s Working Group on Financial Markets (PWG) 
released a statement yesterday to outline the regulatory 
and supervisory developments on stablecoins. Members 
of the PWG including 
Treasury Deputy Secretary, Justin Muzinich welcomed 
further discussions on the regulatory framework for 
stablecoins.
According to an official press release by the 
US Treasury Department, the PWG members recognized 
the potential of cryptocurrencies to enhance the 
efficiency of the overall payments system. Additionally, 
the Group mentioned the importance of a clear 
regulatory framework for digital assets to maintain the 
stability of financial and monetary systems.
Commenting on the recent announcement, Justin 
Muzinich said: “The statement reflects a 
commitment to both promote the important 
benefits of innovation and to achieve critical 
objectives related to national security and 
financial stability. Regulators will continue to look 
closely at stablecoin arrangements and look 
forward to a future dialogue on these issues.”
The recent statement by Trump’s Working Group 
came after the SEC charged Ripple Labs along with 
its two executives for conducting $1.3 billion 
unregistered securities offering.
The US regulatory authorities have recently 
released statements on the growing interest in 
cryptocurrencies in the country. The SEC, FinCEN, 
and the US Treasury have outlined the importance 
of having a clear regulatory framework on digital 
assets. US Congresswoman Rashida Tlaib, along 
with Congressmen Jesus García and Stephen Lynch 
introduced a bill earlier this month to protect 
consumers from risks associated with stabelcoins. 
The lawmakers introduced the STABLE Act to 
ensure a regulatory structure for stabelcoin issuers.
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Deputy Secretary Justin Muzinich at German-A
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