SEC paints 'a distorted picture' of USD-stablecoin market — Crenshaw

US Securities and Exchange Commission (SEC) Commissioner and vocal crypto critic Caroline Crenshaw has accused the US regulator of downplaying risks and misrepresenting the US stablecoin market in its newly published guidelines. However, many in the crypto industry see the SEC’s decision as a step in the right direction. In an April 4 statement, Crenshaw said that the SEC's statement on stablecoins — issued on the same day — contained "legal and factual errors that paint a distorted picture of the USD-stablecoin market that drastically understates its risks. "Crenshaw disagrees, crypto industry applaudsUnder the new SEC guidelines, stablecoins that meet certain criteria are now considered "non-securities" and are exempt from transaction reporting requirements source: https://cointelegraph.com/news/us-sec-stablecoin-guidelines-challenged-caroline-crenshaw?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound