US SEC Says Stablecoins Aren’t Securities That Require Registration

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The SEC has provided a boost to stablecoin issuers and exchanges by indicating that, in most cases, these assets are not securities. This means they are generally exempt from registration requirements with the markets regulator.

According to a recent SEC staff statement, this determination applies to crypto assets backed by stable currencies like the US dollar, commodities like gold, or a diversified pool of assets. This guidance clarifies the regulatory landscape for stablecoins, offering a clearer path forward for businesses operating in this space.

This clarification is particularly relevant for stablecoins that maintain a 1:1 backing with high-quality liquid assets, such as USDC. The SEC’s stance provides a degree of certainty and potentially encourages further innovation and adoption of stablecoins within the digital asset ecosystem.

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