US Treasury Secretary Calls for Regulation of Stablecoins and Non-Security Assets

US Treasury Secretary Janet Yellen has called for new legislation to close gaps in cryptocurrency regulation. Yellen specifically mentioned the need for regulation of spot markets of non-security cryptocurrencies such as Bitcoin, and federal standards for stablecoin issuers. Crypto lawyer John E. Deaton believes BTC, ETH and XRP were currently deemed non-securities and may be…