The US Securities and Exchange Commission has no business with certain stableecoin or their issuers, the regulator staff declared in the latest statement describing the corners of the crypto sector for which it does not have a legal interest.

Since the agency was taken over by President Donald Trump-appointed leadership and formed a crypto-task force to facilitate pressure on digital assets, its staff has issued a number of statements intended to clarify the crypto areas outside its jurisdiction-to, including Memecoins and evidence of work crypto. It is now added stableecoins to that list. SEC’s Division of Corporation Finance issued the Friday statement – not yet a binding rule or even formal guidance – to declare stableecoin’s “Does not involve offers and sales of securities.”

“Persons involved in the process of ‘mint’ (or creation) and redemption of covered stableecoins do not need to register these transactions in the Commission under the Securities Act or fall within one of the Securities Act’s exceptions to registration,” according to the declaration.

It continued to clarify that such stableecoins – an arena dominated by Tether’s USDT and Circle’s USDC – “are marketed solely for trading as a means of making payments, transmission of money and/or storing value and not as investments.”

Congress has been forward to establishing a new set of US standards for issuing such symbols. This week, House Financial Services Committee made a stableecoin bill against a vote from the entire representative house. The Senate is based on the treatment of a similar bill, which is also approved by the committee there – in both cases of a broad, Bipartisan vote.

While they are the most soothing of crypto assets, stableecoins have been a colorful political topic in recent weeks, as the Trump-backed world freedom funded its own stablecoin, and some congress democrats are concerned that Elon Musk will take advantage of his status as a technical giant to follow.

SEC commissioner Hester Peirce, who leads the agency’s task force, has said she feels that the early, non -binding movements to turn crypto stands in SEC are important and should be done as soon as possible, even if they are not yet official policy. She is said that non-funny symbols (NFTs) can also be considered for such a statement.

Read more: Sec ‘Earnest’ about finding usable cryptopolitics, says commissioners at Roundtable

SEC is set to have its second in a series of crypto top meetings next week. This one is set to focus on trade.

The agency may also soon be taken over by Trump’s election for a permanent chairman if Paul Atkins is confirmed by the Senate. The Senate Bank Committee approved its nomination in a party’s vote this week.

Even before his arrival, preliminary chairman Mark Uyeda has made dramatic features to review the regulator’s cryptoposition. It is included to throw away most of the prominent enforcement cases that the agency had pursued against digital assets, companies, though a few are left.