BUSD

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sec-concludes-paxos-investigation" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Concludes PAXOS Investigation</a><br></p>
<p style="text-align: justify">The U.S. Securities and Exchange Commission (SEC) announced its decision to terminate the investigation into PAXOS, a notable development in the cryptocurrency regulatory landscape. The regulatory body made a historic move by dropping the case, which marks a potential shift in its approach towards stablecoins.</p>
<h2 id="what-is-the-impact-on-busd">What Is the Impact on BUSD?</h2>
<p style="text-align: justify">The SEC’s decision included a significant ruling on BUSD, a widely known stablecoin. In a surprising turn, the commission declared that BUSD does not qualify as a stablecoin. This decision has sparked discussions suggesting that the SEC’s stringent stance on stablecoins might be evolving.</p>
<h2 id="why-is-bitcoin-s-price-fluctuating">Why Is Bitcoin’s Price Fluctuating?</h2>
<p style="text-align: justify">Meanwhile, <a href="https://en.bitcoinhaber.net/exploring-bitcoins-latest-halving-effects-on-mining-rewards-and-market-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price has been subject to volatility. Since March, the cryptocurrency has seen a decline from $70,000 to $56,000. This downward trend has been largely driven by uncertainties surrounding U.S. <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rate</a> policies and geopolitical tensions. Additional factors include payments to MT. GOX creditors and asset liquidations by both the German government and the U.S. administration.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">Investors can draw valuable inferences from the <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">recent developments</a>:</p>
<ul>
 <li>Monitor regulatory changes for potential impacts on stablecoins.</li>
 <li>Stay updated on geopolitical events and interest rate policies as they significantly influence Bitcoin prices.</li>
 <li>Watch for major asset liquidations, such as those by governments, which can affect market stability.</li>
</ul>
<p style="text-align: justify">In light of these developments, Bitcoin saw a minor price gain of 0.19% over the last 24 hours, reaching $57,828. Consequently, the market cap increased to $1.140 trillion. However, the 24-hour trading volume experienced a 5.5% dip, settling at $26.846 billion.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/sec-concludes-paxos-investigation" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Concludes PAXOS Investigation</a></h5>

SEC Concludes PAXOS Investigation

목차

BH NEWS

2024년 7월 11일에 게재된 다른 기사

ONDO Price Drifts from All-Time High, Profit-Taking Increases

Mocaverse (MOCA) Secures Major Listings, Offers Unique Omni-Chain Feature

Europe Leads in Crypto Startups

Decade after Ethereum ICO: Blockchain forensics end double-spending debate

Zero Hash Integrates Sui Blockchain Accessibility (11 Jul)

Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!