The SEC has just revised its guidance on stablecoin accounting, signaling a potential cash equivalent status for compliant USD-pegged tokens.
Bloomberg reports that stablecoins must meet strict redemption and stability conditions to qualify.
This update follows Chair Paul Atkins’ efforts to relax crypto restrictions, including April’s clarification that certain stablecoins aren’t securities. Now, with Project Crypto, the SEC is pushing to overhaul securities laws for on-chain finance.
Market experts at Bernstein call this the most progressive crypto framework yet from US regulators—one that could redefine global finance.
