U.S. regulators want more direct oversight of crypto exchanges and regulation of stablecoins

According to its most recent report on digital assets, a group of top U.S. regulators wants Congress to approve legislation to allow for more direct monitoring of crypto exchanges and complete regulation of stablecoins.

The report also calls for regulators to be more proactive in enforcing current laws and directly overseeing crypto-related businesses and activities, especially where they intersect with the traditional financial system.