<ul><li>The SEC has created a new category called 'Covered Stablecoins' that excludes them from securities laws.</li><li>Stablecoins with full asset backing and fixed value qualify for the exemption.</li><li>Congress advances stablecoin legislation while the SEC prepares for a key crypto trading summit.</li><li>The SEC's action is welcomed by industry leaders and supports the U.S. government's efforts to establish standards for digital assets.</li></ul>

Covered Stablecoins Gain SEC Approval, Boost Crypto Clarity

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