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

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