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US Government to Shutdown Stablecoins NOT Bitcoin | EP 682

Simply Bitcoin

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SEC Suspension of Stablecoins

An SEC lawsuit over BUUSD, the third largest stablecoin by market value, would be a significant jolt to an industry that has suffered a series of shocks in recent weeks. The Commodities Future Trading Commission and the New York State Department of Financial Services have labeled Tether and BUSD as virtual currencies. That doesn't mean the SEC can't allege their securities according to lawyers,. But it muddles the waters and shows the difficulty of deciding which laws apply.

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