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Cryptocurrencies: 28724
Markets: 116282
Market Cap: $2,354,119,379,368     
24h Vol: $98,927,734,126
CoinDesk 2023-02-24 19:47:49

Crypto Lobbying Needs a Reset: More FTC, less SEC

Crypto Lobbying Needs a Reset: More FTC, less SEC
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?
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