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Crypto Industry Challenges SEC
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US crypto industry leaders Circle and Paradigm support Binance in challenging the SEC's charges, arguing that stablecoins are not securities. Binance splits from Fintech Founders and Checkout.com due to regulatory concerns. It seeks court protection from SEC requests and faces a lawsuit from the CFTC.
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How do these legal battles reflect the evolving relationship between the crypto industry and regulatory bodies?
How might the outcome of these legal battles impact the regulation of cryptocurrencies in the US?
What are the potential consequences for Binance and the broader crypto market if the SEC's charges are upheld?
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