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

Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) 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 U.S. SEC may not include Tether's stablecoins, because it points out that acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tether's reserves. In addition, the U.S. SEC also requires that any token must be convertible into U.S. dollars at any time, but Tether's terms of service suggest that there may be a minimum amount of exchange or delayed exchange. (CoinDesk)