SEC confirms stablecoins are not securities but questions including yield

Stablecoins backed by cash or cash-equivalent reserves and redeemable for US dollars on a one-to-one basis are not securities under federal law, the Securities and Exchange Commission (SEC) said on...

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SEC confirms stablecoins are not securities but questions including yield

Source: CryptoSlate

Stablecoins backed by cash or cash-equivalent reserves and redeemable for US dollars on a one-to-one basis are not securities under federal law, the Securities and Exchange Commission (SEC) said on April 4, offering one of its clearest positions yet on the regulatory treatment of crypto. In a public statement, the SEC’s Division of Corporation Finance […]