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Circle Intervenes in Binance’s SEC Case, Argues Stablecoins Aren't Securities
Stablecoin issuer Circle has intervened in the Securities and Exchange Commission’s case against major crypto exchange Binance, arguing that financial trading laws shouldn’t spread to stablecoins whose value is tied to other assets. In June, regulators charged Binance with multiple legal violations for facilitating trades in cryptocurrencies, such as solana's SOL, cardano's ADA and the Binance stablecoin BUSD, which the SEC alleged constituted unregistered securities. That’s become one of the most major cases in crypto right now, as the world’s biggest crypto exchange – alongside rivals like Coinbase – ... (full story)
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- Posted: Sep 29, 2023 6:44am
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 120
