The SEC declares that certain stablecoins are not values ​​in the new cryptographic guide

The United States Stock Exchange and Securities Commission (SEC) has made it clear that not all stable fall under their control. In a recent update, the agency’s staff declared that some stablcoins, especially those used only to send money or store value, should not be considered values.

This decision is part of a growing change in how the SEC sees cryptography. Under a new leadership designated by President Donald Trump, the SEC created a cryptographic working group to relieve pressure on the digital asset industry. Until now, this group has declared that Memecoins, Crypto Mining and now certain stables do not need to follow the same rules as traditional actions or investments.

In his last statement, the Division of Finance of the SEC Corporation said that the people involved in the creation or redeem these approved stable do not need to register in the agency. These currencies are mainly used for payments, not profits, so the SEC does not treat them as investments.

However, not all stable qualify. The SEC says that approved currencies must be backed one by one with high quality and easily accessible assets (such as cash or treasure invoices of the United States). The coins backed by gold, crypto or other more risky assets are excluded. That probably discards popular coins such as the USDT of Tether, which includes gold and cryptocurrencies in its reserves. In addition, if a currency cannot be exchanged instantly for dollars, it does not meet the criteria.

Circle, the company behind the USDC Stablecoin, hastened to support the movement. Its president, Heath Tarbert, said:

“The SEC has just made clear: snapshots like USDC, backed by solid assets, are not values. But not all stable get this pass just because they call themselves like this.”

The Congress is also advancing with new laws to officially regulate Stablecoins. A bill has just advanced in the House of Representatives, and the Senate is considering a similar one. Both efforts have support from both political parties.

Despite being known as the most stable type of cryptography, Stablecoins has recently become part of political debates. World Liberty Financial backed by Trump is promoting its own stablecoin, while some legislators are concerned that technological magnates such as Elon Musk can launch their own digital currencies.

The SEC Commissioner, Hester Peirce, who leads the agency’s cryptographic working group, said these first steps are important, even if they are not yet official rules. He added that NFTS could be the next line for a similar treatment.

Also read: Trump’s cryptographic fortune under scrutiny: SEC faces pressure to investigate