SEC Adjusts Stablecoin Accounting Rules in Regulatory Shift
The US SEC has issued updated staff guidance on the accounting treatment of USD-denominated stablecoins, per a Bloomberg report.
The revised framework suggests that compliant stablecoins—those offering guaranteed redemption and maintaining peg stability—could be classified as cash equivalents under accounting standards.
This development reflects Chair Paul Atkins’ strategy to reduce regulatory friction in crypto. Earlier this year, the SEC confirmed that some USD stablecoins fall outside securities laws, and issuers are exempt from registration.
Atkins’ latest initiative, Project Crypto, aims to reform securities regulations for blockchain-based markets, drawing from the President’s Working Group recommendations. Bernstein analysts describe the move as a landmark step, potentially securing the US a dominant role in the future of digital finance.
