The United States Stock Exchange and Securities Commission (SEC) issued a statement on April 4, which established guidelines for Stablecoins.
In a statement of April 4, the agency coined a new term, “covered Stablcoins”, classifying them as non -secret and exempting the transactions of said tokens of the report requirements.
According to the definition of the SEC, a “covered stable” is completely supported by physical fiduciary reserves or short -term instruments, low risk and highly liquid and is totally redeemable with a 1: 1 relationship with US dollars.
The definition prevents algorithmic stables from maintaining their American dollar plug using software or an automated negotiation strategy, leaving the regulatory state of algorithmic stables, synthetic dollars and fiduciary tokens that carry uncertain yield.
Current general description of the Stablecoin market. Fountain: Rwa.xyz
Industry leaders and executives are currently pressing for regulatory changes that would allow Stablecoin issuers to share performance opportunities with Stablecoin holders and offer interest in the chain.
According to the new guidelines, Stablecoin -covered issues should never combine asset reserves with operational capital or offer opportunities for interest, profits or tokens performance. In addition, Stablecoin -covered emitters should never use their reservations for investment or market speculation.
Related: Stablecoin’s supply obtains $ 30b in the first quarter as investors protect volatility
The definition of the SEC of “covered stablecoin” consisting of US policy objectives.
The criteria of the SEC for the stable covered are consistent with the regulations stipulated in the genius establishment bill, introduced by Senator Bill Hagerty, and the stable law of 2025, presented by the representative French Hill.
The proposed legislation aims to protect the state of the US dollar as the global reserve currency through stablcoins that are backed by US dollars and governmental values.
The National Innovation of Guide and Establishment of the United States Establishment Law (Genius) of 2025. Source: United States Senate
Centralized Stablecoin emitters support their tokens with deposits in US dollars maintained in regulated financial institutions and short -term treasury invoices, promoting the demand for US dollars and the debt of the United States government.
Tether, the world’s greatest stablocoin issuer, is now the seventh head of the United States Treasury Bonds, surpassing countries such as Canada, Germany and South Korea.
Speaking at the First Digital Assets Summit of the White House on March 7, the United States Secretary of the United States, Scott Besent, said that the United States would use Stablecoins to extend the domain of the US dollar.
Besent said that the regulation of Stablecoins was fundamental for the administration’s digital asset strategy and a higher regulatory priority during the current legislative session.
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