Analysis: Tether stablecoin may not fall into the category of compliant stablecoin of the US SEC

CoinRank News: The U.S. Securities and Exchange Commission (SEC) has issued new regulations to clarify that some stablecoins do not fall into the category of securities and are exempt from transaction reporting obligations. Some analysts believe that the stablecoins covered by the SEC may not include Tethers stablecoins, because it states that the acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tethers reserves. In addition, the SEC also requires that any token must be convertible into U.S. dollars at any time, but Tethers terms of service suggest that there may be a minimum amount of exchange or delayed exchange. (CoinDesk)