U.S. SEC Staff Clarifies That Some Crypto Stablecoins Aren't Securities

The U.S. Securities and Exchange Commission (SEC) has clarified that it does not regulate certain stablecoins, asserting these digital assets are not securities when they are used solely for transactions and stored value. This announcement follows a series of statements aimed at delineating the SEC's jurisdiction under the leadership of a Trump-appointed task force. Notably, while stablecoins like USDC are deemed compliant, Tether's USDT may not meet the criteria due to its reserve composition. Congress is moving forward with bipartisan legislation on stablecoin standards, reflecting the growing political interest in this sector. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk