Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Paxos said it will engage with the US securities regulator on the matter and is prepared to "vigorously litigate if necessary."
Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market.
Crypto gifts not only demonstrate love but also a shared interest in the exciting world of cryptocurrency and finance.
The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.
A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap.
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities.
BTC price could remain range-bound in the near term, but MATIC, HBAR, LDO and BIT could continue higher.
The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind crypto investments.
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