Binance Says BUSD ‘Funds are Safu’, but a Regulatory Cloud is Forming Over the US
BUSD #BUSD
“Even so, some commentators have proposed theories to support the proposition that stablecoin purchasers may be motivated by profits for purposes of the Howey and Reves tests,” the CRS paper reads. “In brief, the arguments appeal to the role that stablecoins play in facilitating cryptocurrency speculation and the fact that some stablecoins have traded above par during crypto-market turmoil.”