Binance Stablecoin, BUSD


Binance Stablecoin, BUSD

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.

#shorts #CryptoNews #CryptoShorts #SECs Binance Lawsuit #SEC #SEC Claims BUSD

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