I was not entirely surprised to see BNB as an unregistered security — lots of reasons why! — but BUSD is theoretically at least a stablecoin. And yet:
From September 2019 through February 2023, Binance offered and sold BUSD to U.S. investors as part of a profit-earning scheme within the Binance ecosystem, touting returns for investors from simply buying BUSD or deploying it in Binance profit-generating programs.
Since its inception, BUSD has been offered and sold as an investment contract and, therefore, as a security.
The AIs are officially out of control
Google apologizes for ‘missing the mark’ after Gemini generated racially diverse Nazis
Google Pay replaced Google Wallet — now it’s going away to make room for Google Wallet
A former Gizmodo writer changed his name to ‘Slackbot’ and stayed undetected for months
Vision Pro owners are reporting a mysterious crack in the front glass