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Change in stablecoin power map While BUSD dominance is declining, USDT is over 50% again

Posted on February 20, 2023 by Jessica Tan

Possibility of filing a lawsuit over the BUSD issue The US Securities and Exchange Commission (SEC) claims that the US dollar-linked stablecoin “BinanceUSD (BUSD)” is a security, and its issuing company, Paxos, has registered the security with the SEC. Issued a “Wells Notice” for failure to do so. Paxos announced on the 13th that it had received the notice 10 days earlier (February 3). He made it clear that he did not agree with the SEC’s decision. Paxos categorically challenges SEC officials because BUSD is not a security under the federal securities laws. We have discussed this matter with SEC staff…

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Jessica Tan

Jess Tan is an experienced journalist and writer who specializes in covering the rapidly-evolving world of cryptocurrency and blockchain technology. With a background in financial journalism, Jess brings a unique perspective to their reporting, providing readers with in-depth analysis and insights into the latest developments in the crypto industry. As a crypto news writer, Jess is committed to staying up-to-date on the latest trends and advancements in blockchain technology and cryptocurrency. They have a keen eye for spotting emerging trends and opportunities in the crypto market, and are skilled at distilling complex technical concepts into easy-to-understand language for a general audience. With years of experience covering the crypto beat, Jess has built a strong network of contacts and sources within the industry. They are a regular contributor to leading crypto publications, including CoinDesk, Cointelegraph, and CryptoSlate, and have been recognized for their outstanding reporting on blockchain technology and its impact on the wider world. Whether covering breaking news, in-depth analysis, or human-interest stories within the crypto community, Jess is dedicated to delivering accurate, informative, and engaging content that helps readers stay informed about this rapidly-evolving industry.