US SEC Don Clear Stablecoin Guidelines As DOJ Shift Focus, Dey Affect Crypto Market
United States Securities and Exchange Commission (SEC) and Department of Justice (DOJ) don do important things wey dey affect crypto industry. SEC make am clear say some fiat-backed stablecoins, wey dem dey call ’Covered Stablecoins,’ no be securities if dem fit change am 1:1 with US dollar, wey dey free some companies wey dey do am from some rules to report. This thing no include algorithmic stablecoins and tokens wey dey give interest, and e dey follow as World Liberty Financial launch USD1 as stablecoin dey popular more more. Meanwhile, DOJ don change mouth say dem wan dey catch people wey dey do bad things instead of to put strong rules, wey mean say maybe dem go reduce rules for future, wey go allow blockchain industry to do new things. Overall, all these things dey make rules clear, wey fit help market settle and bring more money to stablecoins wey government dey control wey get fiat money.
Bullish
The SEC clarification on top stablecoin rules dey give regulatory certainty wey dem welcome, especially for stablecoins wey fiat dey back, wey fit attract more institutional interest and investments, wey go drive bullish market sentiment. The DOJ shift in focus from broad regulatory frameworks to dey prosecute bad bad activities dey suggest environment wey dey industry-friendly more, wey fit still ginger innovation and stability. Market people wey dey look for clear legal landscape go likely see this regulatory easing as something good and e fit lead to market confidence and investment wey go increase, wey dey project bullish outlook.