SEC Clarifies Covered Stablecoins Are Not Securities

SEC Clarifies Covered Stablecoins Are Not Securities

The U.S. Securities and Exchange Commission (SEC) has announced that certain types of stablecoins, known as "Covered Stablecoins," are not subject to federal securities regulations. This decision is expected to have a substantial effect on the regulatory environment around digital assets. The SEC's Division of Corporation Finance made the announcement, which highlights the agency's ongoing attempts to clarify how federal securities rules appl...

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