The U.S. Securities and Exchange Commission (SEC) has clarified its stance on the regulatory status of USD-backed stablecoins, stating that certain stablecoins are not classified as securities. This announcement comes alongside OpenSea's request for guidance from the SEC regarding the regulatory framework for NFT marketplaces. OpenSea is seeking to confirm that these marketplaces should not be categorized as exchanges or brokers under U.S. federal securities laws. The company aims to establish clear rules to avoid regulatory scrutiny, highlighting the need for distinct definitions in the evolving digital asset landscape. Additionally, New York Attorney General has urged Congress to take action against cryptocurrency scams, particularly concerning non-U.S. stablecoin issuers like Tether, amidst ongoing discussions about legislation in the crypto space.