Which Stablecoin Is Next After BUSD? Can SEC Sue Other Stablecoins?
Stablecoin News: In yet another case of crypto based business going away from the United States, a huge shift in dynamics is happening in the stablecoin ecosystem after the latest…
SEC Forces Paxos to Stop Minting Binance Stablecoin. What Does That Mean for Binance?
Stablecoin issuer Paxos is facing trouble over its partnership with Binance. Now there’s a question mark looming over the companies.
Paxos Stops BUSD Mint after SEC Action, Binance’s CZ Calms “Funds Are Safe”
SEC’s decision might change the broad picture of the crypto industry. If recognized as securities, BUSD will have to be withdrawn from the Binance offering.
Paxos Terminates Partnership with Binance, Stops Minting BUSD
Paxos ends relationship with Binance for BUSD stablecoin. BUSD continues to be fully supported & backed 1:1 with US dollar reserves.
Paxos Halts BUSD Minting as SEC Reportedly Prepares Lawsuit
Crypto brokerage firm Paxos Trust will “end its relationship with Binance” for the BUSD stablecoin, it said in a statement.
Breaking: New York Regulator Orders Paxos To Stop Issuing Binance’s BUSD
Binance’s BUSD which is issued by Paxos continues to be one of the largest stablecoins in the crypto market. However, it looks like the stablecoin has now made it onto…
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 Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
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…
Binance Says BUSD ‘Funds are Safu’, but a Regulatory Cloud is Forming Over the U.S.
February has been a great month for the narrative that crypto’s natural home is in Asia.
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security.
