Date: 2023-02-14T14:31:44Z Creator: Bitfolio Academy
The attack on crypto continues. This time it’s the New York State’s office of financial services. A cease and desist order has been sent to Paxos to stop minting new Binance USD. This is after the SEC filed a complaint that BUSD is a security. Clearly stablecoins do not meet the Howie test for a security. When you convert your US dollars to BUSD you’re not making an investment in a company. And you have no expectation of profit. This attack on crypto is ridiculous.
I am so sick and tired of politicians using crypto as a punching bag. They are just trying to advance their own political careers. They are just tryiing to earn some brownie points with senators and legislators by beating up on crypto. But it’s time that we, the public, rise up and fight against this ridiculousness. Sign the petition to fire Gary Gensler, the chairman of the SEC.
Let me know in the comments. 🤔
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I help people invest in digital assets without undue risks or long-term time horizons, but I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
#bitcoin #crypto #btc #stockmarket #finance #cnbc #2023