Matthew Berlin

2 weeks ago | natlawreview.com | Matthew Berlin |Douglas M. Oldham |J. Michael Showalter |Duncan Weinstein

On April 4, the Division of Corporation Finance of the US Securities and Exchange Commission (SEC) issued a statement providing clarity on the application of federal securities laws to stablecoins, specifically those designed to maintain a stable value relative to the US Dollar (USD). This statement outlines the characteristics of “Covered Stablecoins” and asserts that their offer and sale do not constitute securities under the Securities Act of 1933 or the Securities Exchange Act of 1934.