United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2.
Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next year.
We will see how facebook can smoothly process this legal concern easily and check how SEC will take the matters lightly. Facebook is famous and we know that, maybe SEC will favor them considering its also a US based company.