Investment Bank Berenberg: Stablecoins and DeFi May Become the Next Focus of SEC's Crackdown on Cryptocurrency

ChainCatcher news, investment bank Berenberg stated in its latest report that the U.S. Securities and Exchange Commission (SEC) may now focus on regulating stablecoins, including Tether (USDT) and USD Coin (USDC), as well as DeFi protocols.

Berenberg believes that by taking action against stablecoins, the SEC could undermine the entire DeFi ecosystem. Additionally, the analysis report pointed out that if the SEC defines Bitcoin as a commodity rather than a security, Bitcoin is likely to be the ultimate beneficiary of the crackdown on stablecoins. (CoinDesk)