One community member called out SEC chairperson Gary Gensler and said that the official is on an “unhinged, unchecked crusade against crypto.”
Similarly, the pseudonymous trader Tree of Alpha was also baffled by the new development. The community member questioned how it was considered a security and asked their followers if they were buying BUSD with the expectation that it will go to $2.
In addition, the trader also called out the SEC chairperson Gary Gensler andMeanwhile, iTrader AshWSB also commented on the matter and dismissed the issue as “FUD.” The trader argued that BUSD is backed, and Paxos not issuing any more tokens will not affect the existing tokens."It's good to stay informed but don't make emotional moves," they warned.Paxos not issuing any more BUSD
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