U.S. SEC: BUSD should be considered as securities, just like UST

According to The Block, the U.S. Securities and Exchange Commission (SEC) recently submitted a ruling from the Southern District Court of New York involving Terraform Labs in its case against Coinbase, further supporting the SEC's decision to oppose Coinbase's motion. The SEC insists that SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW , ICP, NEAR, VGX , DASH and NEXO fall under the category of unregistered securities. At the same time,the SEC asked Washington court to consider Terraform's ruling when dealing with Binance's motion and believes that BUSD should be considered as securities just like UST.