Recently, US regulators Binancestablecoin of BUSD and its issuer Paxosdecisions about Bitcoin (BTC) especially cryptocurrency affected the market.
The investment company evaluating the impact of these decisions Bernstein analysts Gautam Chhugani and Manas Agrawal that the actions of US regulators are unique to BUSD and USD Coin (USDC) He said that they thought it would not affect others.
According to the news of Coindesk, analysts say that some names in the crypto industry are targeting the SEC’s cryptocurrencies. stablecoinHe said that he expressed his concerns about the active removal of deposits and retention rules from the banking system.
issuer of USDC CircleAnalysts, who pointed out that , did not receive a notification like BUSD from the SEC, stated that although the regulatory pressure in the USA seems to be increasing, the change in the retention rule will be positive as a result.
“While US regulations seem to be getting tougher, regulatory moves from Hong Hong look clearly positive and norms are expected to be relaxed.
In this context, we would not be surprised if Asia leads the regulation of the crypto market.”
Finally, analysts SECHe stated that the targeting of cryptocurrencies and stablecoins is not a threat that crypto will disappear.
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