Binance’s Stablecoin BUSD Takes a Hit As Investors Liquidated $6 Billion Due to Rising Regulatory Concerns

Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory trouble from the U.S. Securities and Exchange Commission (SEC). The SEC has reportedly been investigating Binance’s stablecoin, BUSD, over concerns that it may be classified as a security. BUSD, which is pegged to the U.S.