USDC issuer Circle said that payment stablecoins do not have the features of an investment contract on their own.
) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not have the"features of an investment contract" on their own.
Circle, the company that issued the USD Coin stablecoin, has weighed in on the United States Securities and Exchange Commission case against crypto exchange Binance, arguing that stablecoins are not securities.. The regulator pressed a total of 13 charges against the crypto exchange. This includes the sales of BNB tokens and BUSD tokens, alleging that the stablecoin offering is an unregistered security.
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