stablecoinSEC Chairman Gary Gensler has previously said he believes some“Similar problems may await other cryptocurrencies, includings linked to some system or brand,” said Grzegorz Drozdz, a market analyst at Conotoxia Ltd.s, Binance offers Binance USD holders certain advantages on its platform, including zero transaction fees when swapping Binance USD for certain other tokens, providing an incentive for Binance customers to hold the token.
An SEC spokesperson said the agency does not comment on the existence or nonexistence of a possible investigation.
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