
SEC draws a ‘clear line’, says stablecoins aren’t securities that require registration
Stablecoin issuers and exchanges got a boost Friday from the Securities and Exchange Commission after the agency’s staff determined that the assets, generally, aren’t securities. That means they won’t have to be registered with the markets regulator. “The SEC just drew a clear line: stablecoins backed 1-for-1 with high quality liquid assets — like USDC...
Read more