SEC Approves Certain Stablecoins, Boosts Crypto Confidence
Key Takeaways:
- The SEC’s ruling has removed regulatory uncertainty for some stablecoins, which are now considered not to be securities by the Commission.
- Stablecoins are becoming more widely used for day-to-day payments and institutional purposes.
- Congress is edging closer to clarifying the laws governing stablecoin.
SEC Issues Guidance on “Covered” Stablecoins
On April 4, 2025, U.S. Securities and Exchange Commission (SEC) brought a ray of hope to the crypto world by announcing that certain stablecoins would not be classified as securities. Crypto advocates and financial institutions welcomed the decision, clarifying the regulatory landscape and setting the stage for broader adoption of dollar-pegged digital assets.
The SEC’s…
