Crypto Meets Wall Street: SEC Declares Some Stablecoins as ‘Digital Cash’

The U. S. Securities and Exchange Commission (SEC) has issued updated guidelines classifying stablecoins. It has allowed certain USD-pegged stablecoins as cash equivalents. The development comes at a time when the SEC is formulating rules for crypto to modernize traditional finance in the nation. SEC Issues Interim Guidance on Stablecoins  According to Bloomberg News, the SEC … source: https://coinpedia.org/news/crypto-meets-wall-street-sec-declares-some-stablecoins-as-digital-cash/