🟢Nate Geraci, founder of ETF Store, praised recent actions by the SEC, highlighting the importance of clear regulatory guidance for the crypto industry. He criticized the agency’s previous pressure-based approach, pointing instead to the SEC’s clarification that issuing “fully-backed” stablecoins does not constitute a securities offering.
🟢Against this backdrop, Tether is considering the launch of a new token tailored for the U.S. market. According to CEO Paolo Ardoino, USDT will remain focused on emerging markets, while the new coin will be designed to comply with U.S. regulations.
🟢Meanwhile, two stablecoin regulation bills are under discussion in the U.S. Congress. Both would require reserve audits, but only one proposes a ban on trading non-compliant assets on centralized exchanges.