Crypto firm Paxos has said it’s expecting to face charges from the Securities and Exchange Commission (SEC) over its issuance of BUSD, the Binance-centered stable coin. It is believed by the financial...
Tag: Paxos
Coinbase, Paxos Disclose Exposure to Failed Signature Bank
Signature Bank emerged late Sunday as the latest institution to collapse amid a series of bank failures, and multiple crypto companies took to Twitter to declare whether they were affected by the gove...
Coinbase, Paxos, and Celsius Report Funds Tied up with Now-Shuttered Signature Bank
Several crypto firms have come forward to report their exposure to the now-shuttered Signature Bank, which was shut down by New York regulators on March 12 in conjunction with the United States Federa...
Coinbase, Celsius and Paxos disclose funds in Signature Bank
Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank. The crypto-friendly Signatu...
Consumer Confidence in Crypto Strong Despite Turbulent 2022: Paxos Survey
After a series of high-profile collapses and the ensuing regulatory heat in their wake, if you thought the crypto saga had hit a roadblock, you can’t be held wrong. However, a new survey by Paxos, the...
Paxos survey shows 75% of respondents ‘confident’ in the future of crypto
A recent Paxos survey shows enthusiasm for cryptocurrency in the U.S. despite a volatile year for the burgeoning asset class. Of 5,000 U.S.-based working-age adults surveyed, 75% remain “...
Coinbase, Paxos halt business with Silvergate Bank
Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto wint...
How Hard is it for Stablecoin Issuers To Cash Out Billions?
Stablecoin issuer Paxos Trust, under pressure from US regulators, must be able to honor potentially billions in redemptions in the year ahead. That raises questions about whether the firm — and, for t...
SEC Triggers Billion-dollar ‘Bank Run’ on Binance’s BUSD
It has been a rough ride for Binance-owned stablecoin BUSD since Paxos received a Wells notice from the SEC. In a company email last week, Paxos noted that since its decision to halt minting the crypt...
Paxos lands on the front lines of new US crackdown on crypto
Paxos did things by the book. It put former FDIC Chair Sheila Bair and retired Senator Bill Bradley on its board. It went so far as to brag about its buttoned-up nature by labeling itself “the first r...
Binance Stablecoin Flipped By Cardano, Polygon As Billions Burn
Binance-branded stablecoin BUSD has taken a beating since issuer Paxos confirmed receipt of an ominous Wells notice from the SEC, falling to ninth place on crypto market cap leaderboards. BUSD is now ...
Paxos in Constructive Discussions with SEC on BUSD Long-Term Prosperity, Cuts Ties with Binance
Paxos has facilitated the redemptions of about $2.8B in BUSD since halting new mints on February 21. Paxos Trust Company, a New York-based financial institution and technology company specializing in ...
Paxos is engaged in ‘constructive discussions’ with SEC: Report
Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator. Acc...
Paxos asserts that Binance USD is not a security under two separate tests
Ad Paxos published a letter from its CEO, Charles Cascarilla, on Feb. 21 in which the executive discussed the company’s ill-fated BUSD stablecoin. On Feb. 13, action from New York regulators led Paxos...
Paxos Holding Talks With SEC, Crypto Daily TV 22/2/2023
In Todays Headline TV CryptoDaily News: Paxos is holding ‘constructive discussions’ with SEC. Stablecoin issuer Paxos is having a “constructive discussion” with the U.S. Securi...
Paxos Reiterates Commitment to Regulation, Ends Binance Relationship
Paxos Trust Company shared the company CEO’s message with the Paxos team. In the message, he talks about the company’s commitment to regulations. He declared the company’s decision to halt further rel...
Paxos Ends Binance Relationship Amid SEC Discussions
BUSD stablecoin issuer Paxos has terminated its relationship with Binance as it engages in conversations with the U.S. Securities and Exchange Commission (SEC) over a recent Wells notice. Paxos CEO Ch...
Paxos In Talks With The SEC, Binance Partnership Over?
According to a Reuters report, Paxos, the first regulated blockchain infrastructure platform behind Binance’s stablecoin BUSD, is in ongoing discussions with the Securities Exchange Commission (SEC) f...
Paxos in ‘Constructive Talks’ With SEC Following Enforcement Action on Binance USD (BUSD): Report
New York-based crypto company Paxos Trust Company is in “constructive talks” with the U.S. Securities and Exchange Commission (SEC) following enforcement actions surrounding stablecoin Binance USD (BU...
Paxos in ‘constructive discussions with the SEC,’ ends relationship with Binance
Stablecoin issuer Paxos told employees it’s in “constructive discussions” with the U.S. Securities and Exchange Commission (SEC) after getting a Wells notice about the Binance USD st...
Paxos in Talks With SEC Over Binance Stablecoin: Report
Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Re...
The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways The SEC has ordered Paxos to stop trading its stablecoin, BUSD and may issue charges against the blockchain ...
Paxos Discusses BUSD Stablecoin With SEC Following Wells
According to recent reports, the stablecoin issuer Paxos was reportedly engaging in conversations with the United States Securities and Exchange Commission (SEC) on the Binance USD (BUSD) stablecoin a...
Paxos Says It’s Prepared to Challenge the SEC Over BUSD Security Claims ⋆ ZyCrypto
Advertisement     Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U.S. Securities and Exchange Commission over its...
Aave’s Proposal to Freeze BUSD Poised to Pass
Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform. The proposal suggests Aave switch to a differen...
U.S. SEC targets Do Kwon and Paxos as regulators press on, bitcoin leads recovery
Last week was marked with considerable activity in the crypto scene, characterized by a cluster of significant events, including the sustenance of regulatory crackdowns and market recovery. The U.S. S...
SEC sues Do Kwon, Paxos ready to litigate, SBF’s VPN: Hodler’s…
Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a...
Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD
Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction to...
Tether USDT Stablecoin Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
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New York Department of Financial Services orders Paxos to stop BUSD stablecoin creation
Join Our Telegram channel to stay up to date on breaking news coverage Recently, rumors emerged that Paxos Trust, a regulated company that created the Binance USD (BUSD) stablecoin, received a notific...