BlockBeats News, April 5th, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has issued new rules clarifying that certain stablecoins are not considered securities and may be exempt from trading reporting requirements. Some analysts believe that the stablecoins covered by the new SEC rules may not include the stablecoin issued by Tether, as the SEC states that acceptable reserves for stablecoins do not include precious metals or other cryptocurrencies, both of which are included in Tether's reserves.
Furthermore, the SEC also requires that any token must be redeemable at any time for U.S. dollars, but Tether's terms of service suggest that there may be minimum redemption amounts or delays in redemption.
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