First Mover Americas: Paxos Acts on SEC Threat

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A weekend rally in crypto was halted after a Sunday evening report of the SEC's intent to sue Paxos for selling the $BUSD stablecoin as an unregistered security. LedesmaLyllah reports

, banks would have to disclose their direct and indirect exposure to crypto, while the European Commission prepares more detailed guidelines for the sector.The chart shows the yield on the U.S.

two-year treasury note has jumped more than 30 basis points to 4.54% this month, reaching the highest since Nov. 30.When yields rise, stocks tend to fall in value because of lower future earnings. Cryptocurrencies tend to move in line with stocks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LedesmaLyllah This guy is worse then Lars Ulrich during the days of NAPSTER.

LedesmaLyllah So sick of his face

LedesmaLyllah I feel sooooooo protected from getting fucked. Thanks SEC...

LedesmaLyllah Stable Coins are simply not security , Sec only want to support banks

LedesmaLyllah We have covered this in detail

LedesmaLyllah He can stick that thumb up his ass.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines