China cracks down on stablecoin promotion — will regulators cool off crypto hype or trigger innovation?
China has instructed brokers to stop promoting stablecoins, citing risks of financial instability and fraud . Meanwhile, U.S. regulators are taking the opposite approach. The CFTC now allows spot crypto trading on registered futures exchanges, marking a major milestone toward establishing the U.S. as a crypto-friendly jurisdiction .
In my view, U.S. regulatory moves—like permitting spot crypto on CFTC-registered exchanges—carry more weight. They signal growing institutional trust and could fuel global adoption, while China’s restrictions may only dampen sentiment regionally.
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