Binance USD (BUSD)

The news came like a thunderbolt in the crypto world: the SEC has officially ended its investigation into the BUSD stablecoin without taking coercive measures. Paxos, the issuer of the stablecoin, announced this news with a sigh of relief. While the crypto industry often navigates choppy waters with regulators, this decision marks a significant turning point. Let's explore the implications of this news in four distinct parts.

The year 2023 has ended, but the case involving the SEC and Binance is not yet over. As recently as yesterday, the U.S. crypto regulator filed a notice of supplemental authority, inviting the court to consider a decision made in the SEC vs. Terraform Labs lawsuit. Binance's legal team has their work cut out for them once again.

The crypto industry is in a constant state of flux. Each day brings its own set of surprises, twists, and challenges. For Binance, October 25th is shaping up to be a pivotal date. What is the urgency that's stirring things up behind the scenes at the exchange? Let's dive into the action.

As the crypto sector continues to evolve at dazzling speed, Binance, the crypto trading giant, once again appears to be at the forefront of innovation. With the launch of ColLabs by Binance Labs, the promise is bold: to transform the way investors perceive and interact with the Web3 ecosystem.

Tether (USDT) is the largest stablecoin currently on the markets. Present in the crypto ecosystem since 2014, its position is undeniable. However, USDT's lowest parity since the fall of FTX is being recorded, and this could be the work of Changpeng Zhao, CEO of Binance.

Unlike other cryptos, stablecoins inspire relatively more confidence among users. This is due to the stability of their value, which correlates with that of a fiat currency. However, their monetary status had never been officially recognized. At least, until Jerome Powell, Chairman of the US Federal Reserve (Fed), did so. Is this a turning point?