The U.S. Consumer Financial Protection Bureau, which is tasked with overseeing a hodgepodge of financial service providers including payment companies, appears to be taking a fresh look at crypto regulation despite earlier inertia. “Crypto is now becoming a vehicle of choice," agency director Rohit Chopra told the progressive think tank Americans for Financial Reform last month, noting the potential for fraud that could occur in the sector. "I really want to be sure that we are thinking about digital currencies in the context of real-time payments."
In Congressional testimony and elsewhere, Chopra has highlighted the prospect of payment stablecoins as a CFPB domain, although he's always careful not to push the bounds of the agency's authority in the crypto universe and avoids treading on the toes of the older, larger Securities and Exchange Commission.
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