Coin Telegraph - Is the Stablecoin a Security?

Some legal experts have explained how stablecoin might be considered securities. The SEC didn't take action against Paxos's gold back stablecoins called Pax gold Carol go forth a university professor at the Clayton and a little professor of law at the University of Arkansas told coin telegraph that the issue might be more about financed in the stablecoins quote there are unique issues with regard to the particular crypto asset because it's ties to in relationship with Binance its possible that some of those unusual features are what the SEC is focusing on but because part of that is a lack of transparency and accuracy and reported information in quote go forth.