Yesterday, news broke that the SEC had ordered Circle to stop issuing new USDC tokens.
The news was based on rumors from anonymous sources, and was later denied by those directly involved. However, the issue remains open.
SEC vs stablecoins, will Circle’s USDC be next?
The real news, from a few days ago, is that the SEC has gone after Paxos, i.e., the issuer of BUSD (Binance USD).
The issue with this was that the reason given by the SEC was that Paxos was putting an unregistered security on the market. This is why rumors began to circulate about an alleged similar action also by the SEC against Circle, the issuer of USDC.
It appears that the SEC has begun a large-scale campaign against crypto offerings that resemble unregistered securities, i.e., real investment contracts that promise gains.
US dollar-based stablecoins, such as BUSD and USDC, in themselves are not investments and do not promise gains, but there are intermediaries who, against stablecoin loans, offer returns even hig
We współpracy z: https://en.cryptonomist.ch/2023/02/15/usdc-circle-blocked-sec/
