More regulatory trouble ahead - Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos.

https://www.wsj.com/articles/crypto-firm-paxos-faces-sec-lawsuit-over-binance-usd-token-8031e7a7

None of us believed SEC was done after Kraken and XRP but I personally didn't realize the scale of their interventions. It feels SEC is 100% focused on going after everything Crypto, some justified, some simple overreach because they can.

So, basically, we are headed for even more turbulent times in Crypto, more government agencies digging into it around the world because SEC's actions will not go unnoticed in countries around the world. Though Russia may do something opposite :)

The silver-lining in all of this chaos and nonsense is that it would most likely push out more shadiness out of Crypto, put more fear in those running any Ponzi schemes and drive better discipline...while all of that impacts the market/ price-action, it may benefit retail investors and industry in general in long run. In the short run, it still sucks and annoying to see this level of overreach.