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I never said that it should be unregulated, just that the sanction applied to BUSD had a political motive. Of course stablecoins are not securities, just like a
by Saline9515 2y ago
I never said that it should be unregulated, just that the sanction applied to BUSD had a political motive. Of course stablecoins are not securities, just like a 20$ note isn't a security.
- jvanderbot 2y agoThe analogy to cash feels a bit strained. There's a difference in backing, don't you think?
- Saline9515 2y agoI was referring to the Howey test, that is used to determine if an asset is a security: https://www.findlaw.com/consumer/securities-law/what-is-the-howey-test.html https://www.findlaw.com/consumer/securities-law/what-is-the-...