Express

SEC Chairman: Stablecoins May Well Be Securities

Mary Liu

Summary: The Securities and Exchange Commission (SEC) Chairman Gary Gensler said at a Senate hearing on Tuesday that stablecoins "may well be securities". Gensler and Senator Pat Toomey repeatedly discussed whether stablecoins are securities. Toomey believes that stablecoins do not meet the Howey test that defines investment contracts because there is no profit expectation. Gensler said ...

The Securities and Exchange Commission (SEC) Chairman Gary Gensler said at a Senate hearing on Tuesday that stablecoins "may well be securities".

Gensler and Senator Pat Toomey repeatedly discussed whether stablecoins are securities. Toomey believes that stablecoins do not meet the Howey test that defines investment contracts because there is no profit expectation. Gensler said that stablecoins may be a type of securities. Current laws have a broad definition of securities, and Congress can modify these laws. 

Gensler also said: "I am not negative or minimalist about crypto, I just think it would be better to put it in the investor system established by Congress."

Last Update:

Tags: ,,,
Link: SEC Chairman: Stablecoins May Well Be Securities   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 2 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 3 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 5 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 5 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 8 days ago
  • You need to login to comment.