@stabolut
🚨 Stablecoin regulation must follow function, not form.
In May 2025, SIFMA responded to the SEC’s crypto RFI with a clear stance:
📌 Payment stablecoins ≠securities
📌 Tokenized deposits ≠securities
SIFMA warns against vague labels like “Covered Stablecoins” and urges a globally coordinated framework—aligned with BIS, FSB, and CFTC.
Clarity enables innovation. Confusion breeds risk.
Your move, SEC.
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