In the continuous Securities and Exchange Commission (SEC) claim against Binance, Circle, the backer of USDC, has stood firm. The organization, supported by previous products controller Heath Tarbert, contends that stablecoins don’t fall under the class of protections. They battle for their exception from monetary exchanging regulations. Circle accuses Binance of not following SEC’s rules on stablecoins Circle is putting forth a defense that stablecoins, attached to other resources’ worth, ought to be excluded from monetary exchanging regulations. This position is a reaction to the SEC’s allegations against Binance. The SEC is blaming Binance for working with exchanges digital currencies
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