Circle weighs in on SEC vs. Binance case, argues stablecoins are not securities

by Aurelia Butler 29 September 2023, 11:40 109 Views

In a court filing, Circle argued that assets pegged to the U.S. dollar, such as Binance USD (BUSD) or USDC, are not securities because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not have the “features of an investment contract” on their own.

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Source: Cryptocurrency - investing.com

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Circle weighs in on SEC vs. Binance case, argues stablecoins are not securities

Ripple shortlisted by National Bank of Georgia for digital GEL pilot project

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