{"id":126500,"date":"2025-04-04T22:17:01","date_gmt":"2025-04-04T22:17:01","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126500"},"modified":"2025-04-04T22:17:01","modified_gmt":"2025-04-04T22:17:01","slug":"certain-stablecoins-arent-securities-sec-says-in-new-guidance","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126500","title":{"rendered":"Certain stablecoins aren't securities, SEC says in new guidance"},"content":{"rendered":"

Source: Cointelegraph.com NewsUnder new SEC guidelines, stablecoins that meet certain criteria are considered \u201dnon-securities\u201d and are exempt from transaction reporting requirements, the United States Securities and Exchange Commission said in a notice published April 4.
\n“Covered stablecoins,” as the SEC classifies them, are fully backed by physical fiat reserves or short-term, low-risk, highly liquid instruments and are redeemable at a 1:1 ratio with US dollars.
\nThe definition precludes algorithmic stablecoins that maintain their US dollar peg using software or an automated trading strategy, leaving the regulatory status of algorithmic stablecoins, synthetic dollars, and yield-bearing fiat tokens uncertain.
\nCurrent stablecoin market overview. Source: RWA.XYZIndustry leaders and executives are pushing for regulatory changes that would allow stablecoin issuers to share yield opportunities with stablecoin holders and offer onchain interest.
\nAccording to the new guidelines, covered stablecoin issuers cannot co-mingle asset reserves with operational capital or offer token holders interest, profit, or yield opportunities. Additionally, the covered stablecoin issuers must never use their reserves for investing or market speculation.
\nRelated: Stablecoin supply surges $30B in Q1 as investors hedge against volatility
\nSEC’s definition of “covered stablecoin” consistent with broader US policy objectives
\nThe SEC’s criteria for covered stablecoins are consistent with regulations stipulated in the GENIUS stablecoin bill, introduced by Senator Bill Hagerty, and the Stable Act of 2025, introduced by Representative French Hill.
\nThe proposed legislation aims to protect the status of the US dollar as the global reserve currency through stablecoins that are backed by US dollars and government securities.
\nThe Guiding and Establishing National Innovation for US Stablecoins (GENIUS) of 2025 Act. Source: US SenateCentralized stablecoin issuers back their tokens with US dollar deposits held in regulated financial institutions and short-term US Treasury Bills, driving demand for US dollars and US government debt.
\nTether, the world’s largest stablecoin issuer, is now the seventh-largest holder of US Treasuries, beating out countries like Canada, Germany, and South Korea.
\nSpeaking at the first White House Digital Asset Summit on March 7, US Treasury Secretary Scott Bessent said the US would use stablecoins to extend US dollar dominance.
\nBessent said that regulating stablecoins was central to the administration’s digital asset strategy and a top regulatory priority during the current legislative session.
\nMagazine: Bitcoin payments are being undermined by centralized stablecoinsRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsUnder new SEC guidelines, stablecoins that meet certain criteria are considered \u201dnon-securities\u201d and are exempt from transaction reporting requirements, the United States Securities and Exchange Commission said in… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126500"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126500"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126500\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126500"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}