Odaily Planet Daily News: Timothy Massad, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the importance of the government's attention to the stablecoin ecosystem in an interview with CNBC. Massad believes that stablecoins are a bridge between the "crypto world and the real world" and that the government should not regard them as a fashion that is destined to disappear. He is worried that regulators have not properly addressed the risks of stablecoins, but have excluded them from the discussion because they believe that stablecoins do not actually work. (Cointelegraph) As previously reported, when talking about cryptocurrency regulatory solutions, Timothy Massad, former chairman of the U.S. CFTC, proposed to avoid the entire debate (of "enforcement supervision" and "registration") by creating a self-regulatory organization (SRO). The organization is supervised by the SEC and CFTC to develop a common set of investor protection standards for cryptocurrency intermediaries and digital assets traded on them. Massad added that he is not worried that other jurisdictions will surpass the United States, and pointed out that the implementation of new laws such as the EU Crypto Asset Market (MiCA) system will be more complicated than people think.