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SEC Rules Non-Yield Stablecoins Aren't Securities Amid Crypto Crackdown

4/5/2025

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Summary

Story summary

The SEC confirms non-yield-bearing stablecoins are not classified as securities due to their commercial use.
Dollar-pegged stablecoins facilitate transactions rather than speculative investments.
Yield-bearing and algorithmic stablecoins may be classified as securities by the SEC.
Under President Biden, the SEC has taken legal action against major crypto firms, labeling most digital assets as securities.
Mark Uyeda serves as the Acting Chairman of the SEC.

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Story summary

The SEC confirms non-yield-bearing stablecoins are not classified as securities due to their commercial use.
Dollar-pegged stablecoins facilitate transactions rather than speculative investments.
Yield-bearing and algorithmic stablecoins may be classified as securities by the SEC.
Under President Biden, the SEC has taken legal action against major crypto firms, labeling most digital assets as securities.
Mark Uyeda serves as the Acting Chairman of the SEC.