SEC says some stablecoins are not securities
SEC declares certain stablecoins are not securities
This week, the Securities and Exchange Commission (SEC) made a formal declaration that stablecoins, particularly “covered stablecoins,” are not securities, meaning they do not need to be registered with the SEC before entering the market. That clarification, while probably unnoticeable to most crypto users, could mark a significant step forward for the institutional adoption of stablecoins.
The SEC defines a “covered…
