Is the SEC Going After USDC?

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There's a four-point test for stable coins. Is it treated like an investment? Are people using it solely to facilitate speculation or investment? If the issuers are saying, you can buy this note and make money on it, then that makes it more likely to be considered a security. As far as I'm concerned, if you have back stable coins, don't pass that test at all. So it kind of makes sense why the SEC hasn't gone after USDC. Because to your points, it would be a much harder case. And especially with all the examples they have that are easier cases. They would lose that case. It might go to the Supreme Court, but they

In this episode, we're joined by Nic Carter, General Partner at Castle Island Ventures for a far reaching discussion around Nic’s thesis on Operation Choke-Point 2.0; the effort of every U.S. financial regulator to deny crypto firms access to banking services.

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