Compound founder: If stablecoins are classified as securities by regulators, it will be doomsday for cryptocurrencies

ChainCatcher news, according to The Block, Compound Labs founder Robert Leshner stated during a discussion about the U.S. Securities and Exchange Commission (SEC) suing Paxos over the BUSD stablecoin that if there is a notion that USDC and Tether are securities, and the debate continues for months and years, then I think this is an apocalyptic scenario for many cryptocurrencies. (Source link)