Binance USD (BUSD) has given up millions in supply as the Securities and Exchange Commission (SEC) flagged plans to sue the stablecoin’s issuer Paxos as part of its crypto regulation tightening. Paxos...
Tag: Paxos
Stablecoin Markets Pick Winners and Losers Ahead of SEC Paxos Lawsuit
While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those di...
BUSD, Paxos, and the Recent Scrutiny of Paxos
Financial services using cryptocurrencies The head of research at Matrixport is of the opinion that the current investigation of Paxos and its Binance USD (BUSD) token is not an assault on stablecoins...
Stablecoin Issuer Paxos Categorically Disagrees With SEC’s Notice Alleging That Binance USD Is a Security
New York-based crypto company Paxos is pushing back against the idea that stablecoin Binance USD (BUSD) is a security. In a statement released on Monday, Paxos says it received a “Wells Notice” from t...
BNB Token Plunges as Binance, Paxos Shutter BUSD Stablecoin Product
The recent regulatory action against Paxos and Binance over the partnership’s dollar-pegged stablecoin has spooked investors. Following the crackdown from the SEC and the New York Department of ...
The SEC Goes After Unregistered Securities
Getty Images Key takeaways The SEC has recently escalated its campaign against unregistered securities, which they claim put investors in risky situations without enough transparency Kraken has shut d...
Paxos to Cease Minting New BUSD and End Relationship with Binance
The New York Department of Financial Services (NYDFS) has directed Paxos to cease issuance of new BUSD tokens, effective Feb. 21. “BUSD will remain fully supported by Paxos and redeemable to onboarded...
CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served...
Binance’s CZ says BUSD Funds in Paxos are #SAFU
Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s min...
Paxos Says It’s ‘Prepared to Vigorously’ Fight SEC Lawsuit
Paxos confirmed Monday it received a Wells Notice from the Securities and Exchange Commission, stating it’s prepared to take on the agency and any enforcement actions related to stablecoin Binance USD...
US law firm Pomerantz launches investigation into Paxos
Pomerantz has launched an investigation into Paxos on behalf of customers to unravel any wrongdoing by the Binance USD (BUSD) stablecoin issuer in the wake of the former’s battle with the Securities a...
The crypto community reacts to SEC vs Paxos controversy
The crypto community has expressed deep concerns regarding the ongoing controversies between Paxos, which has been instructed to halt issuing BUSD stablecoin, and the US SEC. Paxos and SEC collide on ...
Paxos Halts BUSD Minting as SEC Prepares Lawsuit
The SEC is reportedly taking aim at the owner and issuer of the world’s third-largest stablecoin, Binance USD. The U.S. Securities and Exchange Commission plans to sue Paxos Trust for violating invest...
SEC Going After Stablecoins? Hits Paxos With Charges
The crypto community has been flooded with FUD ahead of the CPI release. The Securities and Exchange Commission (SEC) announced on Monday that it has filed a lawsuit against Paxos Trust, the issuer of...
Paxos Trust Company Disagrees With U.S. Securities
Paxos Trust Company has issued a statement in which it “categorically disagrees” with the United States Securities and Exchange Commission’s characterization of Binance USD (BUSD) as...
US SEC allegedly notified Paxos of an upcoming lawsuit tied to Binance USD (BUSD)
Join Our Telegram channel to stay up to date on breaking news coverage The US SEC has made a series of drastic moves targeting the crypto sector. First, it announced that unregistered staking is no lo...
Binance, Circle, and Paxos Receive Regulatory Scrut
It has been claimed that the New York State Department of Financial Services, often known as the NYDFS, received a complaint about Binance’s reserves from the stablecoin issuer Circle prior to t...
Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos Trust Company says it “categorically disagrees” with the United States securities regulator that has described Binance USD (BUSD) as a security. In the Feb. 13 statement, the BUSD issuer confir...
Tether Nears 50% Of Stablecoin Market, Highest in 14 Months
Tether (USDT) is once again coalescing as crypto’s pegged token of choice, with its stablecoin market share nearing 50% for the first time since December 2021. The top stablecoin issuer has deployed a...
SEC Scrutiny Against Paxos Led Massive Binance Withdrawals
59 seconds ago | 2 mins read News Over 388 BUSD has been burned in the last 24 hours. The stablecoin trading around the $0.99 price range. Since the announcement of the US Securities and Exchange Comm...
Binance Stablecoin Is a Security, SEC Tells Paxos: WSJ
Paxos, the issuer of Binance-branded stablecoin BUSD, could reportedly be sued by the US Securities and Exchange Commission (SEC) for violating investor protection laws. The Wall Street Journal report...
Paxos Ready To “Vigorously Litigate” Over SEC’s Wells Notice
Paxos Trust Company, the entity issuing Binance USD (BUSD) stablecoin, has stated that it is prepared to “vigorously litigate” against the SEC over the regulatory body’s Wells Notice. The BUSD issuin...
$900 million in crypto leaves Binance in a day as Paxos suspends BUSD minting
After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in...
Nearly $1 billion in crypto outflows from Binance in a day as Paxos suspends BUSD minting
After the cryptocurrency sector was hit by the news that crypto firm Paxos, the issuer of Binance dollar-pegged stablecoin, was ordered by the regulators to halt the BUSD minting, nearly $1 billion in...
Paxos and Binance end their partnership for BUSD, halting its minting
Paxos has published a media statement to announce that it will soon halt the minting of BUSD. The development comes after the blockchain and tokenization infrastructure platform announced that it woul...
Crypto, SEC in Paxos: “do not issue BUSD”
Crypto news: Paxos Trust Company, a New York-based financial institution, has been instructed by the New York State Department of Financial Services (NYDFS) and the Securities and Exchange Commission ...
BUSD inflow on CEXes rises as Paxos disagrees with the SEC
The US Securities and Exchange Commission (SEC) issued a Wells notice to Binance USD’s (BUS) issuer Paxos on Feb. 13. A few hours after the CEO of Binance, Changpeng Zhao (CZ), broke the news, on-chai...
BNB tumbles more than 9% after Paxos news
Ad Binance Coin has fallen more than 9% today as investors mull the prospect of increased regulatory scrutiny in light of an SEC warning that the Binance stablecoin may be considered a security. BNB ...
NYDFS’ Crackdown On Paxos May Be Prompted By Circle’s Complaint
A crypto lawyer believes that the NYDFS’ enforcement action against Paxos was motivated by Circle’s complaint last year. The lawyer claims that the action may have nothing to do with the security attr...
Paxos To Suspend BUSD Minting And Sever Ties With Binance USD
Join Our Telegram channel to stay up to date on breaking news coverage The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos to stop issuing the dollar-pegged Bina...
Paxos to stop minting BUSD stablecoins for Binance
Blockchain infrastructure platform Paxos Trust Company will halt the issuance of new Binance USD (BUSD) stablecoins amid the ongoing probe by New York regulators. Paxos officially announced on Feb. 13...
Binance Coin (BNB) Price Falls on Paxos News
The Binance Coin (BNB) price is correcting after a massive upward movement in Jan. Negative Binance news likely accelerated the drop. Some of the most negative Binance news for a long time hit on Feb....