קריפּטאָ

סעק פּראָצעס קעגן Paxos איבער BUSD באַפאַלז קריפּטאָ קהל

02/14/2023
ביטקאָין עטהערעום נייַעס

Paxos Trust Company-issued stablecoin Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.

On Feb. 13, the United States Securities and Exchange Commission (SEC) ארויסגעגעבן א וואלן מעלדונג פאר פאקסאס, alleging that BUSD is unregistered security. On the same day, the New York Department of Financial Services (NYDFS) באפוילן פּאַקסאָס צו האַלטן די אַרויסגעבן פון BUSD.

As Paxos faces regulatory scrutiny on several fronts, various members of the crypto community took to Twitter to give their takes on the situation. From disregarding the issue as “FUD” to calling it an attack against the Binance exchange, crypto community members laid down various theories on the allegations that BUSD is an unregistered security.

Crypto analyst Miles Deutscher expressed his thoughts in a tweet, arguing that nobody expects profit when purchasing a stablecoin. He tweeted:

Similarly, the pseudonymous trader Tree of Alpha was baffled by the new development. The community member questioned how it was considered a security and asked their followers if they were buying BUSD with the expectation that it would go to $2. The trader also called out the SEC chairperson Gary Gensler and האט that the government official is on an “unhinged, unchecked crusade against crypto.” 

Meanwhile, iTrader AshWSB also commented on the matter and dismissed the issue as “FUD.” The trader argued that BUSD is fully backed, and Paxos not issuing any more tokens will not affect the existing tokens. “It’s good to stay informed but don’t make emotional moves,” they warned.

ביטקאָין (בטק) analyst Tedtalksmacro also echoed the sentiments that BUSD might not be meeting the criteria for a security. The analyst סאַגדזשעסטיד that the event may simply be “a shot at Binance.”

פֿאַרבונדענע: Kraken ריטשאַז $ 30M ייִשובֿ מיט SEC איבער סטייינג ווי IRS זוכט באַניצער אינפֿאָרמאַציע

Amid the news, Cointelegraph spoke with several blockchain lawyers to determine if stablecoins can be securities. One lawyer pointed out that while stablecoins are created to have a fixed value, holders can profit through various means like arbitrage, hedging and staking.