According to reports from CoinWorld and Bloomberg, the SEC is further advancing on preliminary cryptocurrency accounting rules by issuing new staff guidance indicating that certain stablecoins can be treated as cash equivalents. This interim guidance comes as the SEC is formulating regulatory rules for crypto securities. Under the leadership of SEC Chairman Paul Atkins, the commission has begun to gradually roll back some stricter policies, including accounting guidance previously viewed as hindering traditional lending institutions' entry into the crypto market. According to the latest guidance, holding certain stablecoins pegged to the U.S. dollar may be classified as cash equivalents if these stablecoins have guaranteed redemption rights and are value-linked to another class of assets.