The U.S. Securities and Exchange Commission (SEC) has dropped its appeal in a case regarding the expansion of the dealer definition in securities law, marking a shift in regulatory stance. The SEC has also approved the nation's first yield-bearing stablecoin, developed by Figure Markets. The approval process for the stablecoin took over a year, reflecting the complexities of integrating crypto assets into traditional financial regulations. The introduction of the yield-bearing stablecoin could alter the competitive landscape of the stablecoin market, offering an alternative for users seeking passive income. These regulatory moves highlight evolving approaches under new leadership and the growing importance of stablecoins in the financial ecosystem.



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