“Payment stablecoins, on their own, do not have the essential features of an investment contract,” meaning they fall outside of SEC jurisdiction, Circle’s filing said. “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not sufficient to establish an investment contract.”
Crypto for Advisors: Digital Asset Custody’s Future
One of the most flexible options out there, MPC is not limited to a specific network by a smart contract,...