Coinbase Weighs In on SEC Banning Binance USD (BUSD), Says Stablecoins Are Not Securities

Top US crypto exchange Coinbase is weighing in on the regulatory uncertainty swirling around stablecoins this week. The issue is getting attention because New York-based crypto company Paxos said on Monday that it received a “Wells Notice” from the U.S. Securities and Exchange Commission (SEC) on February 3rd.