New valuations from the U.S. Stock Exchange and the Securities Commission provide new advances in the classification of cryptographic effects as a way to direct regulations.
Take this opportunity, Body’s Corporate Finance division focuses on stubcoin. Most stable currencies, as explained in a statement released on the official SEC site on April 4th They belong to areas outside their jurisdiction.
Thus, the SEC expands value titles that are not considered as its cryptocurrency list under the new leadership currently designated by Donald Trump. (securities). This is provided that they meet the requirements classified within what they define. As Covered stablecoins (Applicable facilities).
Under this new terminology, agents group stablecoins “keep stable value one by one in relation to the US dollar.”
As a result, they are “stable, covered currencies” worth 1:1 in dollars and sold exclusively. For commercial useas a way to make payments, send money and store value.
It must also be supported by assets held in “low risk” reserves to facilitate liquidation. If these requirements are met, issuances and transactions in these currencies do not need to be registered with the SEC.
In that sense, one footnote in the statement must be taken into consideration that it states that stable rocks “should not include precious metals or other cryptocurrencies” so that they are not considered a title of value.
Therefore, it is understood within a stable currency. Such a statement Questions about USDT classificationthe most popular and stable currency on the market.
In this regard, more than 80% of the tether reserves contain cash and short-term value; Almost 4% is made up of precious metals. Group other investments including around 9% group BTC.
In that sense, the declaration of S argues that all support assets should be able to exchange dollars at any time. It is in contrast to Tether’s Terms of Use, which suggests that. Minimum amount or delay can be imposed.
On this issue, Heath Tarbert, president of the circle company:
The SEC has drawn a clear line. A stable currency, individually backed by high quality liquid assets such as USDC, is not a value. This certainty does not extend to other digital assets simply because they are called “stablecoins.”
Heath of President Tarbert in the circle
Based on the above, they do not enter the concept of “covered stub coins” Stable algorithmic currencyA stable currency that produces yield or stable currency that tracks the value of assets other than the US dollar.
Stablecoins pass the Howey test
SD repeats in its summary, exclude stablecoins from the list. securities They should not be used as investmentsFurthermore, it does not grant holders the right to receive interest, profits or other returns.
As part of the evaluation, the SEC I submitted stablecoins to the call Howie Testa test used to determine whether an asset is a value.
According to their thanks, investors do not feel attracted to most stable currencies with a prospect of returning investments.
As mentioned above, buyers will not acquire stubcoins covered in reasonable expectations that they will earn profits from business or third party management initiatives, as these measures are not sold as investments or prioritize the possibility of profits.
SEC declaration.
As reported by Cryptonoticia, the work of the SEC Working Group initially focuses on the classification of cryptocurrencies to determine what is under supervision. Therefore, this new statement from the agency will be added to similar recent ads regarding Bitcoin mining and Memecoin classification.
