Paxos doesn't think stablecoin Binance USD (BUSD) should be considered a security. The company confirmed it got an SEC Wells notice regarding its issuance of BUSD.
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Crypto Update | SEC Sues Paxos, Binance’s BUSD DepegsListen to this episode from Markets Daily Crypto Roundup on Spotify. With bitcoin testing $20K in wake of the second week of the SEC’s attack on crypto, plus a look at Bitcoin’s information symmetry, CoinDesk’s “Markets Daily” is back with the latest news roundup.Today's Stories...Read the full show notes here.Featured Story: Bitcoin, Markets and the Symmetry of Information-Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, entrepreneurs and more! Use code MARKETSDAILY to get 15% off your pass. Visit consensus.coindesk.com or check the link in the show notes.-This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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Paxos to stop minting BUSD stablecoins for BinancePaxos customers will be able to redeem their funds in USD and convert their BUSD tokens to another Paxos-issued stablecoin, Pax Dollar.
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SEC lawsuit against Paxos over BUSD baffles crypto communityOne community member called out SEC chairperson Gary Gensler and said that the official is on an “unhinged, unchecked crusade against crypto.”
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Crypto Market Slips Below $1 Trillion As U.S. Regulatory Pressure MountsCrypto Market Slips Below $1 Trillion As U.S. Regulatory Pressure Mounts by ninabambysheva
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Crypto company Paxos confirms receiving SEC lawsuit threat about stablecoin BUSDStablecoin issuer Paxos said Monday that it received a Wells Notice from the U.S. Securities and Exchange Commission on Feb. 3, confirming a report by the...
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