The news come as no surprise , as its been speculated from days that SEC is keeping an eye on various staking options, and centralized exchanges for not following guidelines and using the mixing the users money with their assets..

The New York Department of Financial Services has reportedly ordered blockchain company Paxos Trust Co. to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin.

Source- https://cointelegraph.com/news/paxos-ordered-to-stop-issuing-binance-usd-report

Now what will be the consequences according to you:

1.. Binance will have to undergo liquidity issues

2. Will it have a major impact on Bitcoin Prices

Any other please share your opinion...