A weekend rally in crypto was halted after a Sunday evening report of the SEC's intent to sue Paxos for selling the $BUSD stablecoin as an unregistered security. LedesmaLyllah reports
, banks would have to disclose their direct and indirect exposure to crypto, while the European Commission prepares more detailed guidelines for the sector.The chart shows the yield on the U.S.
two-year treasury note has jumped more than 30 basis points to 4.54% this month, reaching the highest since Nov. 30.When yields rise, stocks tend to fall in value because of lower future earnings. Cryptocurrencies tend to move in line with stocks.
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