SEC drops a bomb on crypto: Stablecoins ain’t securities! 🚨 But wait, there’s more to this story…
SEC Clarifies Stance On Stablecoins
SEC’s latest ruling on stablecoins is a game-changer for the crypto world. But don’t get too excited, there’s still a catch!
“Minting and redeeming stablecoins? No need to register with us! 🎉”
Stablecoins Designed For Payments
SEC says stablecoins are just for paying bills and storing value, no investment claims allowed. But who needs returns when you can just pay with crypto?
Reves and Howey tests? They’re just fancy ways of saying stablecoins are for everyday transactions, not for speculation. 🤓
Reserves must be fully backed by cash or low-risk assets. And guess what? You can’t touch those earnings! 🤞
Uncertainty About Yield
No yield, no problem? Not quite. Stablecoin issuers can earn interest, but it’s their money to keep. Investors? No thanks. 🙅♂️
This ruling clears up some confusion, but leaves us wondering about algorithmic tokens. Are you still confused? 🤔
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2025-04-05 18:36