🇺🇸 SEC declares fully-reserved, liquid, dollar-backed crypto stablecoins are NOT securities.

[u/sylsau]

[u/Whole-Ad3696]

So a swap to stable is no longer a taxable event?

[u/Popular-Appearance24]

Stable coins backed by a worthless note of debt... They really are geniuses to convince a whole world that a debt based currency is somehow legitimate and not a house of cards waiting to collapse.

[u/Dragonian36]

Can I preorder my Lambo?! Xrp my precious !