"If the SEC charges Paxos, any other issuer of stablecoins should register or prepare for a court fight with the SEC," Renato Mariotti, a partner at law firm BCLP, told CNBC.While the SEC has not yet come out with specific charges, the notice to Paxos focuses on the question of whether stablecoins are securities or not.
It's possible that Paxos aggressively litigates against the SEC, but the cost of doing so would be significant.If BUSD is deemed a security by the SEC then the regulator would have oversight over the stablecoin. Whatever company issues BUSD would need to register with the SEC and accept more stringent regulation.
according to reporter Jim cramer and Mr. Wonderful.
Like how behind are you in this story ?😅 Like been there done that old FUD Markets already moved on. And this Story you wrote is half assed lol
lol if you think the underlying assets of that ''''market'''' are worth much of anything
eliant_capital