Paxos Trust Company-issued stablecoin Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community. On Feb. 13, the United States Securities a...
Tag: Paxos
Paxos to Stop Issuing Dollar-Pegged Token BUSD
The New York Department of Financial Services has dealt a blow to the cryptocurrency sector by directing Paxos Trust Co. to halt the issuance of one of the largest dollar-pegged cryptocurrencies. The ...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminent
Ad The Aave community is currently considering a proposal to freeze the BUSD reserve on the Aave V2 market in light of Paxos’ move to stop minting BUSD. BUSD issuer Paxos announced on Feb. 13 that it ...
Paxos Halts BUSD Stablecoin Issuance, Here’s What Binance CEO Has To Say!
In light of the continuing investigation by New York regulators, blockchain infrastructure platform Paxos Trust Company will stop issuing new Binance USD (BUSD) stablecoins. The third-largest stableco...
SEC to Sue Paxos Over Binance USD Token
According to reports by the Wall Street Journal, the SEC is planning to sue the stablecoin issues Paxos over Binance USD. Reports by the Wall Street Journal, indicate the United States Securities and ...
Paxos ‘categorically disagrees’ with SEC in calling BUSD a security
Paxos said it “categorically disagrees” with the U.S. Securities and Exchange Commission in calling Binance USD (BUSD) a security. The stablecoin issuer said it got an SEC Wells noti...
The SEC Declares War on Crypto- Paxos, a Licensed Firm, is Sued By Regulators!
The post <strong>The SEC Declares War on Crypto- Paxos, a Licensed Firm, is Sued By Regulators!</strong> appeared first on Coinpedia Fintech News With the fresh round of allegations, The S...
Paxos reportedly ordered to stop issuing Binance USD
The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin. The New York regulator’s actions ...
PayPal halts stablecoin launch amid BUSD and Paxos scrutiny
Listen to this article. PayPal has halted the debut of its stablecoin amid heightened regulatory scrutiny in the crypto industry and news of a probe by the New York State Department of Financial Servi...
Stablecoin Issuer Paxos Ceases BUSD Issuance After SEC Reportedly Threatens Lawsuit ⋆ ZyCrypto
Advertisement     In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos f...
Paxos to stop minting new BUSD stablecoin
Hours after the US Securities and Exchange Commission (SEC) had issued a Wells notice to Paxos, the issuer of BUSD, the company was reportedly told to stop issuing the stablecoin. New York regulator o...
CZ issues response to SEC vs. Paxos lawsuit
Ad Changpeng Zhao (CZ) confirmed the recent report that Paxos — a regulated blockchain infrastructure platform based in the US — has been directed to cease minting BUSD per instructions from the New Y...
Paxos Ceases Issuance of Binance’s BUSD Stablecoin
Paxos, the premier regulated blockchain and tokenization infrastructure provider, has announced that it will end its relationship with Binance for the BUSD stablecoin brand. The decision, which comes ...
Paxos ordered to cease minting Binance stablecoin by New York regulator
Chad Cascarilla, CEO of Paxos. Adam Jeffery | CNBC Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial regulator,...
SEC to Sue Paxos for Issuing Binance USD Coin
Join Our Telegram channel to stay up to date on breaking news coverage The U.S. Securities and Exchange Commission plans to take legal action against cryptocurrency company Paxos Trust Co. for violati...
Here’s When Paxos Will Stop Minting Binance USD (BUSD)
The US-based blockchain infrastructure platform – Paxos Trust Company – will stop the issuance of new Binance stablecoins (BUSD) from February 21. Despite this, the firm said it has a “strong corpora...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD – Bitcoin News
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (...
SEC to pursue Paxos for Binance USD stablecoin issuance
SEC has begun legal plans to sue Paxos for issuing and listing Binance USD, a well-known stablecoin in the crypto ecosystem. The financial watchdog argues that the firm’s token issuance violates inves...
BNB declines after Paxos ordered to stop BUSD issuance
Binance’s native coin BNB has declined nearly 6% in the past 24 hours, trading to lows of $289 on major cryptocurrency exchanges. According to CoinGecko data, Binance Coin price hit highs of $321 late...
Powerful New York Regulator Targeting Top Stablecoin, Binance Confirms Paxos Will No Longer Mint BUSD
A powerful regulator is directing New York-based crypto company Paxos to stop minting the stablecoin Binance USD (BUSD). Binance CEO Changpeng Zhao says the New York Department of Financial Services (...
Paxos Trust Co. gets Wells notice from SEC over BUSD token
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company....
New York Regulator Reportedly Stops Paxos From Issuing BUSD, but is it Just FUD?
The world’s largest crypto exchange has reportedly admitted that the New York Department of Financial Services has ordered Paxos to stop issuing the Binance USD (BUSD) stablecoin. BUSD is the seventh-...
BUSD Issuer Paxos Faces SEC Lawsuit Over Binance Stablecoin
The Securities and Exchange Commission is reportedly planning to sue crypto firm Paxos. The enforcement action revolves around Binance’s BUSD stablecoin which is issued by Paxos. The regulator has all...
Paxos will no longer issue Binance USD stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block. “Pa...
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Join the most important conversation in crypto and web3! Secure your seat today The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar...
The SEC may potentially sue Paxos over BinanceUSD
Ad The U.S. Securities and Exchange Commission (SEC) enforcement division has issued a Wells notice to Paxos — The Wall Street Journal (WSJ) reported, citing anonymous sources. A Wells notice is a for...
Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulat...
SEC to File Lawsuit Against Paxos for Issuing Binance USD
17 mins ago | 2 mins read Exchange News As per reports, the SEC sent out a letter to Paxos. According to the SEC, BUSD is an unregistered security. The U.S. Securities and Exchange Commission (SEC) in...
SEC Drops the hammer on Paxos – Sues The Exchange Over Binance Stablecoin
The United States Securities and Exchange Commission (SEC) has informed Paxos Trust Co. that it intends to sue the company for violating investor protection laws. This move comes as part of the SEC’s ...
Paxos facing SEC lawsuit over Binance USD — Report
The United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust Co. it’s planning to sue the firm for violation of investor protection laws in relati...