The summary of the given text is as follows:
The text is a summary of a cryptocurrency news segment from CNBC's "Crypto World" program. The segment starts with the announcement of Finance winding down support for the BUSD stablecoin, which will be fully phased out by February 2024. Users will no longer be able to borrow BUSD after September 6th, and Binance will gradually delist BUSD's spot and margin trading pairs. This move comes after the New York Department of Financial Services halted Paxos's minting of new BUSD tokens in February.
The segment also discusses a landmark ruling in a lawsuit against the SEC by Grayscale, a company that sued the regulator over its denial of a plan to convert the Grayscale Bitcoin Trust into an ETF. The DC Court of Appeals recently cited with Grayscale, ruling that the SEC failed to adequately explain why it approved the listing of two Bitcoin Futures ETFs but not Grayscale's proposed Bitcoin ETF.
In another court decision, a judge ruled in July that Ripple did not violate Securities laws when issuing XRP to retail investors. The SEC is looking to appeal this ruling.
The segment concludes with a discussion on the main factors preventing mass adoption of digital assets, as weighed in by Zach Shapiro, managing partner at the crypto-focused law firm Reigns.
Here are the key facts extracted from the text:
1. Finance is winding down the BUSD stablecoin.
2. The company announced it will gradually stop supporting BUSD by February 2024.
3. Users will no longer be able to borrow BUSD after September 6th.
4. Binance will delist BUSD's spot and margin trading pairs.
5. The move comes after Paxos halted minting of new BUSD tokens in February.
6. The New York Department of Financial Services directed Paxos to halt minting.
7. The agency pointed to unresolved issues around Paxos's relationship with Finance.
8. A judge is considering delaying the trial of Sam Bankman-Fried.
9. The judge raised the idea of a 5-month delay if the defendant needs a postponement.
10. A federal judge dismissed a lawsuit against Uniswap.
11. The judge said the court declines to stretch federal Securities Law to cover the conduct alleged.
12. The judge also said the plaintiff's concerns are better addressed by Congress than this court.
13. The judge listed ETH as a crypto commodity.
14. The DC Court of Appeals cited with Grayscale, which sued the SEC over its denial of a plan to convert the Grayscale Bitcoin Trust into an ETF.
15. The court said the SEC failed to adequately explain why it approved the listing of two Bitcoin Futures ETFs but not Grayscale's proposed Bitcoin ETF.
16. A judge ruled in July that Ripple did not violate Securities laws when issuing XRP to retail investors.
17. The SEC is looking to appeal that ruling.
18. A federal judge in New York split with a judge in the Ripple case, allowing the SEC to proceed with its case against Terraform Labs and its founder.
19. The SEC brought a case against Terraform Labs and its founder, alleging they violated Securities laws.
20. The SEC is also going after Coinbase and Binance, saying they are violating the law by hosting assets on their exchange that legally qualify as Securities.