The United States SEC has reportedly alleged that the Binance USD (BUSD) stablecoin is an unregistered security. We asked crypto lawyers how that could be possible.
by Quinn Emanuel Trial Lawyers has also approached the subject, explaining that in order to “ramp up” stablecoins to a “stable value,” they may sometimes be offered on discounted prior to sufficiently stabilizing.
But while stablecoin issuers may resort to the courts to decide the dispute, many believe the SEC’s “regulation by enforcement” approach is simply uncalled for.
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