SEC clarifies stance on dollar-backed stablecoins. Learn more about their classification and purpose. Find out SEC's views on different types of stablecoins.
The US Securities and Exchange Commission (SEC) has clarified its position on stablecoins under the Trump administration. According to a new statement by this agency, non-interest-bearing stablecoins pegged to the dollar are not considered securities because they have a ‘commercial or consumer’ purpose. The SEC believes that buyers of these digital assets do not expect a return on investment and use them to purchase goods and services or store value. However, the SEC has not yet commented on other types of stablecoins such as algorithmic or non-dollar pegged ones.
