SEC officials issue conflicting statements on stablecoins
Commissioner slams statement for understating risks
Officials from the Securities and Exchange Commission (SEC) on April 4 issued two contradictory statements on stablecoins as the agency continues to follow president Donald Trump’s agenda of making the US the crypto capital of the world.
A note by the SEC’s corporation finance division on April 4 stated that stablecoins were not securities, and that this would put the cryptocurrencies beyond its purview.
On the same day, Caroline Crenshaw, the SEC’s only Democratic party commissioner, issued a
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