The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a 68-page guidance document clarifying that stablecoins and digital commodities are not securities, aimed at boosting industry confidence. However, experts cautioned that this interpretive guidance lacks permanence and could be overturned by future administrations. CFTC Chair Michael Seligman emphasized the need for legislation to prevent future SEC chairs from reversing the progress made, as comprehensive cryptocurrency market structure legislation remains stalled in Congress. SEC Chair Atkins stated that the guidance document is merely a foundation, not an end goal, and only Congress can provide lasting regulatory certainty through legislation.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin