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The dual banking system is a cornerstone of U.S. financial regulation, allowing banks to choose a charter under either federal or state authority. For stablecoins, the Treasury’s rule extends this concept by requiring issuers to satisfy the requirements of both levels of government. In accordance with the proposal, stablecoin issuers must obtain registration from a…

CFTC Chairman Michael Selig joins ‘Mornings with Maria’ to discuss the push to pass the Clarity Act, the future of crypto regulation, the rise of prediction markets and how the agency is responding to market volatility amid Middle East tensions.