Circle files an amicus brief in the SEC’s Binance lawsuit arguing that stablecoins, which are backed by other assets, should not be regulated as securities.
The SEC sued Binance in June on charges of misrepresenting BUSD as an investment contract.
In response, Binance argues that the SEC is attempting to assert authority over digital assets without the necessary congressional authorization.
Circle supports this position with decades of legal precedents and a review of recent developments in the cryptocurrency industry.
👋 Feeling the vibes?
Keep the good energy going by checking out my Amazon affiliate link for some cool finds! 🛍️
If not, consider contributing to my caffeine supply at Buy Me a Coffee ☕️.
Your clicks = cosmic support for more awesome content! 🚀🌈
Leave a Reply