Crypto Industry At A Crossroads: Top Experts React To SEC’s Paxos Action On Binance USD

The Securities and Exchange Commission’s direction to Paxos to cease issuing new units of Binance’s dollar-pegged cryptocurrency Binance USD (CRYPTO: BUSD), has triggered reactions from industry experts, who believe that staking yield should not be considered a security. Slava Demchuck, CEO of AMLBot stated that stablecoin issuer Circle (CRYPTO: USDC) currently has the most advanced compliance framework built into the USDC token, which he believes will lead to fewer regulatory hurdles in the future.