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Thinking Crypto News & Interviews

SEC ISSUES MAJOR UPDATE ON STABLECOINS! SCOTT BISSENT'S HUGE BITCOIN STATEMENTS!

Apr 5, 2025
The SEC clarifies that stablecoins are not securities, paving the way for increased institutional investment. US Treasury Secretary Scott Bessent highlights Bitcoin's potential as a store of value. Exciting updates in the crypto world include new staking rewards and BlackRock's Biddle fund launch. The discussion shifts to the benefits of tokenization and blockchain technology, along with key updates on Ethereum's Petra upgrade and Solana's market movements. The hosts emphasize patience and data-driven strategies in navigating market volatility.
17:33
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Quick takeaways

  • The SEC's classification of fully backed stablecoins as non-securities encourages institutional involvement in the stablecoin market.
  • Scott Biset's assertion of Bitcoin as a store of value signals a potential shift in global finance towards cryptocurrency adoption.

Deep dives

SEC Clarifies Stablecoins Status

Recent guidance from the SEC indicates that stablecoins are classified as non-securities when they are fully backed by reserves and maintain a consistent value relative to the U.S. dollar. This new categorization, termed 'covered stablecoins,' asserts that these tokens, which are primarily used for transactions, do not constitute investment contracts and therefore fall outside SEC jurisdiction. The clarity provided by the SEC is expected to encourage institutional participation in the stablecoin market, as companies will feel more secure in utilizing stablecoins for payments without the risk of regulatory backlash. Additionally, this decision reflects a broader trend towards regulatory clarity in the cryptocurrency space, including previous clarifications on meme coins and crypto mining activities.

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