SEC Says US Dollar-Backed Stablecoins are Not Securities

The U.S. Securities and Exchange Commission (SEC) has issued a landmark declaration: USD-backed stablecoins, including Ripple’s RLUSD, do not fall under securities regulations. This ruling, reported by Amelie on Twitter, marks a significant shift in how the US government views digital assets like RLUSD. It could significantly impact Ripple, XRP, and the wider cryptocurrency market.