Are stablecoins securities? Well, it’s not so simple, say lawyers By Cointelegraph
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Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security.
Blockchain lawyers told Cointelegraph that while the answer isn’t black and white, there exists an argument for it if the stablecoin was issued out in the expectation of profits or are derivatives of securities.
Continue Reading on Coin Telegraph
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Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security.
Blockchain lawyers told Cointelegraph that while the answer isn’t black and white, there exists an argument for it if the stablecoin was issued out in the expectation of profits or are derivatives of securities.
Continue Reading on Coin Telegraph
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