SEC Clarifies That Most Stablecoins Are Not Securities, Tether Eyes New U.S. Market Entry
The U.S. Securities and Exchange Commission (SEC) has recently clarified that most stablecoins do not fall under the category of securities. This announcement was made by SEC Commissioner Caroline A. Crenshaw, who emphasized that the majority of stablecoins currently in circulation are not subject to the same regulatory scrutiny as traditional securities. This clarification comes as a significant development for the cryptocurrency market, particularly for stablecoin issuers and investors.
In response to this news, Tether, one of the leading stablecoin providers, has announced plans to issue a new stablecoin specifically targeted at the U.S. market. This move is seen as an attempt to capitalize on the regulatory clarity provided by the SEC and to expand Tether's presence in the world's largest economy.
The SEC's statement has been welcomed by the crypto industry, which has long sought regulatory clarity on the status of stablecoins. The clarification is expected to foster greater innovation and investment in the stablecoin sector, as issuers can now operate with a better understanding of their regulatory obligations.
Detailed US Securities and Exchange Commission clarifies stablecoin rules
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