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Explained: How Binance’s stablecoin BUSD can be a security

In its lawsuit against Binance, the SEC has clearly explained for the second time how a stablecoin can be offered to investors as a security.

SEC lawsuit: What’s next for Binance?

The SEC has brought a lawsuit against Binance, alleging it mishandled customer funds, sold unregistered securities, and failed to register.

The total number of cryptos the SEC classes as securities now totals 61. It added 16 when it charged Terraform Labs with fraud in February.

Coinbase wants the SEC to outline new regulations on crypto and digital tokens but the regulator says it’s completely beyond its statute.