Amid the shadows, a trader says that he deals in millions daily, mostly swapped for stablecoins—cryptocurrencies pegged to other assets, usually the greenback. Stablecoins are typically backed ...

"Covered stablecoins," as the SEC classifies them, are fully backed by physical fiat reserves or short-term, low-risk, highly liquid instruments and are redeemable at a 1:1 ratio with US dollars. The ...

and that it will focus on stablecoins. President Donald Trump has said he hopes lawmakers will send stablecoin legislation to his desk before Congress's August recess. The SEC's definition of a ...

On April 4, 2025, the staff of the Securities and Exchange Commission’s Division of Corporation Finance (the “Staff”) issued a Staff Statement ...

Mark Uyeda, the SEC’s Commissioner and Former Acting Chairman, is in the news today after he reiterated the agency’s position ...

Global bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular ...

The SEC's definition of a covered stablecoin does ... saying he's "concerned about this idea that consumers cannot get interest on stablecoins" – doing so would make the issuer subject to ...

The definition precludes algorithmic stablecoins that maintain their US dollar peg using software or an automated trading strategy, leaving the regulatory status of algorithmic stablecoins ...