Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security?Consensus Magazine, opinion, Money Reimagined, Newsletters, Opinion, SEC, FTC, lobbying, Paxos, Binance, BUSD, Howey Test, Monopoly, Antitrust, DAORead More

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