Matthew Sigel criticizes the US Treasury Department’s views on digital assets, claiming they have an anti-stablecoin stance based on outdated academic views. The Treasury relied on a single academic study by Gary Gorton and Jeffery Zhang to justify a preference for centralized financial systems, and Sigel deems it misleading.
He argues that stablecoins have shown the potential to function securely under appropriate regulatory frameworks worldwide. Sigel calls for broader, global scrutiny and urges US regulators to adopt a more inclusive view that reflects the realities of an interconnected, digital global economy.
