Great news! Good news for BNB! Asia-Pacific News: Binance founder CZ will be released from prison, SEC abandons Paxos investigation

There is great news in the currency circle. Binance founder Zhao Changpeng (CZ) is about to end his four-month imprisonment in the United States and return to the public eye. At the same time, the US Securities and Exchange Commission (SEC) announced that it would abandon its investigation into Paxos, confirming that the BUSD stablecoin issued by the company in cooperation with Binance is not considered a security.

This decision marks an important shift for the SEC in the field of cryptocurrency regulation, especially after the setback in the lawsuit against Binance. Paxos strategy director Hessert said that this result brought great comfort to the company and brought certainty to the market, and is expected to accelerate the cooperation process with large companies such as PayPal. Strategy Understanding--Research Institute--972331171

As an important stablecoin in the Binance ecosystem, although BUSD's market share is not as good as USDT and USDC, its role cannot be ignored. The SEC once accused BUSD of being a security because it earned profits through reserves and passed them on to users, but this view was rejected in the ruling of a federal judge.

With the end of the SEC investigation, Paxos and Binance were able to get rid of the legal shadow and focus on business development. This incident also once again highlighted the regulatory dilemma of the cryptocurrency industry. Although the stablecoin market continues to grow, the lack of a legal framework still leaves market participants facing uncertainty.

In the future, with the participation of more large companies and the gradual clarification of regulatory policies, the cryptocurrency market is expected to usher in a more stable development. And Zhao Changpeng's release from prison will also bring new opportunities and challenges to Binance. #美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币 #BTC下跌分析 $MLN $IQ $1000SATS