• The US SEC declared that dollar-backed stablecoins are not securities as per federal law. 
• Stablecoin issuers do not need to register stablecoin mint and redeem transactions under the Securities Act. 

The US government is speeding up its process of regulating the crypto space. It’s only been a couple of days since the STABLE Act was passed to regulate stablecoins. Today, the SEC came up with another announcement, which is