Slightly Hot Inflation Print Probably Won’t Change the Fed’s Perspective
The Breakdown
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BUSD Market Cap Can Go Only One Way, Zero
The US has already cut Binance's banking facilities by forcing Silvergate and Signature Bank to sever ties. Patrick Tan, the CEO at Novum Alpha, writes, What if BUSD as a security was a red herring all along? Stay with me for a minute. Looking at the case law, unless there are facts we are unaware of, it would be very challenging and nothing short of legal gymnastics to even attempt to argue BUSD on Paxos is a security. Good luck.
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