Another day, another lawsuit. This time Paxos. The issuer of Binance BUSD stable coin. 

First of all - how is a stable coin a security? It does not meet one of the 4 criteria! 

I am sure you already know which one - the expectation of profit!

Unless staking or lending is treated as such then everything is security You don’t get any profit by just holding it it is a stable coin. 

Good luck holding BUSD and expect a profit after a year. lol

To me this is just another FUD to create fear or attack Binance. I am not sure but it could also, become a trigger for Bitcoin bull run to kick in real hard. People will be scared of stable coins and what they going to do - they will get out of them into Bitcoin!

If I am correct there was a similar story with USDT before the bull-run kicked in real hard in 2020-2021

I do not own any BUSD but a lot of trading is happening on Binance with this coin.

Another thing to point out - this could also be a some sort of revenge on Binance because if you deposit USDC Binance automatically converts it to BUSD and some folks might not be happy about this. So that is probably the most sensible reason to think why the lawsuit.