US SEC Issues Statement on Stablecoin Guidelines
The U.S. Securities and Exchange Commission (SEC) issued a statement on Friday regarding its guidelines on stablecoins. In the commission’s view, certain types of dollar-pegged tokens are not considered securities. However, the SEC clearly bypassed the securities perspective and the stability of algorithmic stablecoins.
The SEC’s statement only addresses “coins that are designed to maintain a stable value relative to the U.S. dollar… that are backed on a one-to-one basis by U.S. dollars (i.e., a stable share) and are supported by low-risk assets held in reserve, with a supply exceeding the risks of danger, or are otherwise in excess of our sales in circulation.”
According to the SEC, these coins “do not involve offers and sales of securities.”
Editor’s Note: This story is breaking and will be updated with additional details.
