Xu Mingxing: The SEC may not win the lawsuit, and BUSD should not be considered a security as it has no profit expectations

ChainCatcher news, OKX founder Xu Mingxing tweeted: "Based on my understanding, the U.S. Securities and Exchange Commission (SEC) may not win the lawsuit, BUSD definitely has no profit expectations, and should not be considered a security. But the key issue is that Paxos' regulator, the New York Department of Financial Services (NYDFS), has requested to stop BUSD because they can revoke Paxos' license." (source link)