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The group's policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim.
The industry group cited the Supreme Court’s recently reaffirmed “major questions” doctrine and listed ways the SEC’s alleged regulation by enforcement causes harm.
