Securities and Exchange Commission (SEC)
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Lawyers attacked Gary Gensler’s claim that “all cryptocurrencies except Bitcoin are securities”
On February 27, Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), discussed cryptocurrency in an interview with New York magazine on February 23. He claimed that “everything except Bitcoin (cryptocurrency)” was within the authority of the agency. Interpretation of this information: The recent interview of Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC) with New York magazine on February 23, delved into a discussion about cryptocurrencies. The chairman stated that apart from Bitcoin, all other cryptocurrencies fall under the jurisdiction of the SEC. Gensler’s statement…
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Paxos CEO: applying for bank license to OCC, which has led to the redemption of more than US $2.8 billion BUSD and has not disturbed the encryption market
It is reported that Charles Cascarilla, CEO of Paxos, raised an objection to the unilateral “Wells Notice” issued by the Securities and Exchange Commission of the United States, which said that BUSD was a kind of security, and pointed out that according to the Howey test and the Reves test, BUSD did not meet the security standards, because the stable currency was always supported by cash and equivalents (such as US dollars and US bonds), He also said that Paxos had so far contributed more than US $2.8 billion in…
