🚀 Good news from the crypto world! The US SEC has just provided clearer guidance: not all stablecoins are securities. Some stablecoins backed by US dollars or other safe-haven assets are now exempt from the SEC’s strict rules.

- Eligible stablecoins do not require registration or filing of paperwork. However, they must be redeemable at any time and their reserves must be separate from the company’s funds.

- Tether is still in question because its reserves include gold and other crypto, not just cash or short-term Treasuries.

- Meanwhile, Circle’s USDC meets the criteria. Circle President Heath Tarbert applauded the SEC’s move.

💼 On the political front, stablecoins are a hot topic with support from both parties in Congress. The move is seen as crucial to strengthening the US dollar in the digital age.