The SEC 🇺🇸 has allowed stablecoins to be classified as cash equivalents. According to the clarification, some stablecoins pegged to the US dollar may be considered cash equivalents. The new guidance allows USD stablecoins to be classified as cash equivalents provided there is a guaranteed redemption mechanism and a stable peg to an asset, particularly fiat currency. This means that companies holding such assets can account for stablecoins similarly to cash — significantly simplifying financial reporting. This move is part of broader efforts by the SEC to establish a regulatory framework for digital assets, as the Commission, under the leadership of Paul Atkins, gradually lifts restrictions.

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