
**SEC Decides: No Security Status for the Two Most Popular Stablecoins**
The US Securities and Exchange Commission (SEC) has made a groundbreaking decision, declaring that two of the world’s largest stablecoin issuers, Tether (USDT) and Circle’s USD Coin (USDC), will no longer be considered as securities. This move paves the way for the widespread adoption of these digital assets in the financial market.
In the eyes of the SEC, neither USDT nor USDC meets the criteria to be classified as a security, as they have demonstrated sufficient reserves and capital buffers to back their issuances. The Commission’s decision is seen as a major victory for the stablecoin industry, which has been under scrutiny due to concerns over the lack of transparency and regulatory oversight.
The SEC’s decision also sends a clear message that it will no longer require registration or approval for transactions involving these two widely used digital assets. This means that individuals can freely participate in the minting and redemption of USDT and USDC without needing to register with the authority beforehand.
The move is significant not only for the stablecoin market but also has potential implications for future cryptocurrency-related disputes. According to sources, Gary Gensler’s departure from the SEC marked a turning point in this regulatory landscape.
Interestingly, this decision may also impact the European Union’s stance on Tether, as MiCA laws consider it an unapproved stablecoin. It remains to be seen how EU regulators will respond to the new development.
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Source: https://www.bitcoinbazis.hu/sec-dontes-stabilcoinok-ertekpapirok/