U.S. stocks and Cryptocurrency diverted Wednesday as investors pondered the outlook for interest rates after economic data showed strong consumer spending and an uptick in inflation across January. Is all the economic data pointing to a mega-bullish crypto outlook?
Everything is Up: How long is this going to last?
Can Stablecoin Wars Break the Crypto Market?
The U.S. Securities and Exchange Commission (SEC) reportedly plans to sue crypto firm Paxos for violating investor protection laws because the firm issues, maintains and white labels Binance USD (BUSD). The SEC alleges that BUSD, a U.S. dollar stablecoin with Binance branding, is an unregistered security.
And while it seems bad for BUSD and Paxos, it’s good for Bitcoin. Leave it to the Bitcoin maximalist, I guess.
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#Bitcoin #Inflation #Crypto