crypto.news 2025-04-04 20:23:55

SEC says “Covered Stablecoins” not under its jurisdiction

The U.S. Securities and Exchange Commission has released new commentary on stablecoins, with the agency’s Division of Corporation Finance noting that this is part of the effort to provide further regulatory clarity. SEC said in a news release that the guidance aligns with its objective of providing clarity regarding federal securities laws as related to crypto assets. In this case, the agency has zeroed in on a type of stablecoins it now calls “Covered Stablecoins.” According to the regulator “Covered Stablecoins” means those stablecoins that maintain a stable value relative to the U.S. dollar, on a 1:1 basis and are redeemable for USD on a 1:1 basis. This type of USD-pegged stablecoin, per the SEC’s Division of Corporation Finance, has low-risk and readily liquid assets as reserves. Assets backing the stablecoins also have a USD-value that meets or surpasses the given token’s redemption value of all coins in circulation. Notably, the statement excludes other types of stablecoins such as algorithmic and yield-bearing stablecoins. The division’s statement doesn’t also cover those stablecoins pegged on the value of other assets and not the United States Dollar. The two leading stablecoins pegged to the USD are Tether ( USDT ) and USDC ( USDC ). You might also like: Coinbase CEO calls for US to allow interest on stablecoins With this description in place, the SEC says the sale or offer of the so-called “Covered Stablecoins” does not constitute an investment contract. “It is the Division’s view that the offer and sale of Covered Stablecoins, in the manner and under the circumstances described in this statement, do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933,” the division wrote. Now that the division says such stablecoins do not fall within the SEC’s purview, the objective of its statement was to clarify important considerations and implications for issuers. The key details in the statement are that issuers use sale proceeds to fund the covered stablecoins reserves. Meanwhile, buyers do not have any expectation of returns on the funds they hold and Covered Stablecoins do not encourage speculative trading or for investment. “Accordingly, persons involved in the process of “minting” (or creating) and redeeming Covered Stablecoins do not need to register those transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration,” the agency noted. You might also like: STABLE Act targeting stablecoins advances with House Committee approval

La maggior parte ha letto le notizie

BlackRock's $IBIT ETF Buys 10,360 BTC for $97...
2025-04-29
Circle Gains Approval for $USDC Operations in...
2025-04-29
Eric Trump Announces Cryptocurrency Payments...
2025-04-29
XRP Overtakes Ethereum In Japan
2025-04-29
UK government unveils new regulatory framewor...
2025-04-29
Ethereum’s Ecosystem Attracts Millions Throug...
2025-04-29
Key Takeaways From The SEC’s 3rd Crypto Round...
2025-04-29
Tangem Announces Self-Custodial Visa Card Usi...
2025-04-29

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Zimbabwe’s new gold coin push marks shift from dig...
29 Apr 2025
Cboe Launches XBTF: New FTSE Bitcoin Index Futures...
29 Apr 2025
US trade deficit hits all-time high despite Trump’...
29 Apr 2025
Kaia Network’s Surge to 22.63 Million Users Sugges...
29 Apr 2025
Inside China’s Xi and diplomats plan to turn the w...
29 Apr 2025
Vaulta and Ultra join forces to power the future o...
29 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta