Paxos in Talks With SEC Over Binance Stablecoin: Report

According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos, sent an email to the firm’s employees on Feb. 18, informing them that the company is holding “constructive discussions” with the SEC. Earlier in February, Paxos received a Wells notice from the American regulator alleging that the firm was selling unregistered securities, indicating that the Binance-branded BUSD was a security. Cascarilla further said Paxos was looking to continue its discussions with the Securities and Exchange Commission privately, adding that the firm was ready to defend its stance that BUSD was not a security if it was necessary.

Paxos SEC Binance

Original Link

Comments

All Comments

Recommended for you

Cointime May 3rd News Express

1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
cointelegraph ·

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
cointelegraph ·

Binance tax evasion trial moved to May 17 in Nigeria

Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served.
cointelegraph ·

SEC breaks from past policy guidelines in Uniswap crackdown

The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
Cointime April 23th News Express

1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
Cointime April 5th News Express

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
cointelegraph ·

Here are the next biggest crypto court cases with the SBF saga over

Binance ex-boss CZ will be sentenced in April and the ring of FTX executivies that admitted to fraud are also set to soon be sentenced.
cointelegraph ·

Floki Inu roadmap reveals plans for regulated bank accounts

Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users.
cointelegraph ·

Biden pressured to intervene in US citizens detention by Nigeria

The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
cointelegraph ·

Binance class-action lawsuit dismissal reversed by appeals court

The United States appeals court declared that the rationale given by the district court for dismissing the lawsuit against crypto exchange Binance was "erroneous."