What does this mean for existing crypto card offerings and should holders be concerned?
While not named as a direct motivator for the decision, the call comes just one week after the token’s issuer Paxos faced increased regulatory scrutiny.
Adidas’ Web3 lead Erika Wykes-Sneyd talks about utilizing token-gated strategies for combatting the ongoing ‘bot’ issue when trying to score a pair of sneakers.
Or is the coverage favoring the stance of the SEC, who believes the stablecoin to be a “security,” as it ordered the firm to halt the minting of new tokens.
Stating that “using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating.”