David Sacks(@davidsacks47 ):The SEC has determined that fully-reserved, liquid, dollar-backed stablecoins are not securities. Therefore blockchain transactions to mint or redeem them do not need to be registered under the Securities Act. Helpful clarity from @SECGov.

David Sacks

@davidsacks47

White House A.I. & Crypto Czar

Joined January 2025

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David Sacks@davidsacks47

2025.04.04 20:59

The SEC has determined that fully-reserved, liquid, dollar-backed stablecoins are not securities. Therefore blockchain transactions to mint or redeem them do not need to be registered under the Securities Act. Helpful clarity from @SECGov. https://t.co/oUsq0snLaF