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27 July 2021

SEC Chairman Gensler Says Some Stablecoins Could Qualify as Securities

SEC Chairman Gensler Says Some Stablecoins Could Qualify as Securities


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Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities.

Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws.

Gensler said that some platforms are offering digital assets that are “priced off” securities and resemble derivatives products.

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