BUSD

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-ends-investigation-into-paxos/" data-wpel-link="internal">SEC Ends Investigation into PAXOS</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/venture-smart-financial-plans-to-launch-spot-bitcoin-etf/" data-wpel-link="internal">Bitcoin</a>‘s volatile price movements continue, with recent US data causing a brief spike to $59,600 before dropping again. During this period, numerous <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">breaking news</a> stories emerged, including a significant decision regarding the legal process between the SEC and PAXOS.</p> 
<h2 style="text-align: justify" id="decision-on-busd">Decision on BUSD</h2> 
<p style="text-align: justify">The SEC, known for its regulatory pressure on cryptocurrencies, announced it has once again dropped an ongoing investigation. According to recent reports, the SEC has made a historic decision to end the PAXOS case.</p> 
<p style="text-align: justify">More importantly, a significant decision was made regarding one of the well-known stablecoins in the market. The decision declared that BUSD is not a stablecoin. This has led to speculation that the SEC’s traditionally strict stance on stablecoins might be changing.</p> 
<h2 style="text-align: justify" id="current-bitcoin-price">Current Bitcoin Price</h2> 
<p style="text-align: justify">Meanwhile, attention was also on Bitcoin. Since last March, Bitcoin has been in decline, dropping from $70,000 to $56,000. This decline was significantly influenced by uncertainties around <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cuts in the US and geopolitical events.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-369814" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-coin-turk-com-3.png" alt="" width="2061" height="115"></p> 
<p style="text-align: justify">Additionally, the announced payments to MT. GOX creditors, and sales by the German government and US administration, were also considered major factors contributing to the decline.</p> 
<p style="text-align: justify">Amid all these developments, BTC’s price rose by 0.19% in the last 24 hours, reaching $57,828. This price increase also boosted the market cap, which subsequently reached $1.140 trillion.</p> 
<p style="text-align: justify">However, the 24-hour trading volume saw a slight decline. After a 5.5% drop, the volume stood at $26.846 billion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-ends-investigation-into-paxos/" data-wpel-link="internal">SEC Ends Investigation into PAXOS</a></h5>

SEC Ends Investigation into PAXOS

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