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Cryptopolitan
2023-03-06 13:49:15

Binance turns to alternative stablecoins after SEC cracks down on BUSD

Binance turns to alternative stablecoins after SEC cracks down on BUSD

In response to the U.S. Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD), Binance has turned to a new set of stablecoins. After the SEC sent a Wells notice alleging that BUSD violates U.S. securities law, the New York Department of Financial Services (NYDFS) ordered the issuer Paxos Trust … Binance turns to alternative stablecoins after SEC cracks down on BUSD Read More »

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