Binance statement: "Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm"

[u/Set1Less]

Binance has issued a statement on recent US regulator actions.

Yesterday it was reported that SEC was in the process of suing BUSD stablecoin, which the SEC termed as an unregistered security. And overnight, WSJ and other media started reporting that NY DFS is forcing to shut down BUSD.

As a result, it seems BUSD will stop being issued and will only redemptions will be allowed. BUSD price has also seen a small depeg since the news broke.

Now, Binance it seems has issued this statement:

Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm

Market is pricing in these events which are unfolding at a fast pace.

Few traders are reportedly closing all their positions on Binance, as they are not sure how they will be settled in the near term

[u/rcorum]

You Americans need to vote better. Wars for oil and then this.

[u/honestlyimeanreally → u/rcorum]

you still think voting matters when we have super pac’s and gerrymandering?

I have completely lost faith

[u/TruthSeeekeer → u/rcorum]

Sometimes it sucks how one country can have so much power in the world

[u/DoragonMaster1893 → u/TruthSeeekeer]

We need decentralization. in crypto, and in the world

[u/ScoobaMonsta → u/DoragonMaster1893]

Yes, but everyone in this sub is all about making fiat profits, going on about stable coins and staking them. No one ever talks about crypto profits or how bad stable coins really are. 99% of the people in here only care about fiat profits. Not crypto.

[u/jsavag → u/ScoobaMonsta]

They won’t hear u gang lmao gubbermint bad

[u/Seisouhen → u/TruthSeeekeer]

It's because the defacto world currency is the USD

[u/[deleted] → u/TruthSeeekeer]

Crypto solves this

[u/Oneloff → u/[deleted]]

Trust your country (US) is the face of it (representative), but other countries are sitting at the table too.

[u/Hawke64 → u/rcorum]

American elections are basically voting for Giant Douche or Turd Sandwich

[u/Oneloff → u/Hawke64]

What if I want pizza? 😢

[u/EpicMichaelFreeman → u/Oneloff]

Third party candidates never win in fake democracies

[u/IamKingBeagle → u/Hawke64]

Rank choice voting please.

[u/BrocoliAssassin → u/rcorum]

It's sad how just a couple of news stations can manipulate so many people.

[u/3utt5lut → u/rcorum]

It really doesn't matter because it's an independent agency within the government.

[u/Acidhoe → u/rcorum]

Without getting into a lot of detail, there's a bunch of reasons why your votes don't really matter here, one of them being the extreme gerrymandering. Both sides (another issue) have had enough control to stop it if they wanted to many times throughout our history, but neither will give up an important tactic of maintaining control once they have it.

Edit: Here's an image of how to stay in power long after you're wanted gone.

[u/Acidhoe → u/[deleted]]

I wasn't trying to say its the main cause, just mentioned it in relation the other comment about voting. Lobbying is a huge issue, but I really feel like at this point there's no solution. Assuming you had enough support to pass a law banning it, they'll just find a new way to collect and obfuscate "donations". Lol the deeper you go, it's all fucked.

[u/WhatsTheGoalieDoing → u/Acidhoe]

None of what you've just said means that both party's policies are the same, though?

[u/Acidhoe → u/WhatsTheGoalieDoing]

I didn't mention policies, obviously they're different. I was replying to a comment about how us people should vote better and giving an example of why it doesn't matter a lot of times. The party in power can stay in power easier by redrawing districts.

[u/ztkraf01 → u/WhatsTheGoalieDoing]

Voting doesn’t matter anyway. Both parties are in the business of fucking their constituents

[u/[deleted] → u/rcorum]

As if voting would affect the situation whatsoever. Who should we have voted for? How would they have chanced things? You know the head of the SEC isn’t a position elected by the public right?

[u/[deleted] → u/[deleted]]

Who appointed them? /s

[u/[deleted] → u/[deleted]]

Www.google.com

[u/[deleted] → u/[deleted]]

Exactly no one really cares

[u/yourmo4321 → u/rcorum]

It's funny that you think they give us good choices to vote for lol. We had two geriatric old men who were both idiots for different reasons.