Good morning Asia, here's what's making news today: 1) $BNB is down while $Bitcoin and $Ether are flat. 2) A regulatory cloud is forming over the US – and that's bullish for crypto in Asia TheSamReynolds writes
, which came from a 1990 case that examined when a note is a security, stablecoins may qualify as securities under Reves’ four-part test.
CRS concludes that the issue remains “unsettled,” but cautions that the lack of clarity sets the stage for a trial.The problem is, while the U.S. engages in “regulation by enforcement,” Asia’s financial centers are developing clear-cut frameworks.
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