Paxos


Video

Bain Capital Crypto Partner on Catalysts That Could Kill Crypto Staking

Bain Capital Crypto Partner and Head of Regulatory and Policy TuongVy Le weighs in on the U.S. Securities and Exchange Commission's recent settlement with crypto exchange Kraken and its Wells Notice to Paxos. As the former Chief Counsel at the SEC's Office of Legislative and Intergovernmental Affairs, she notes "blindly and mechanically applying the existing securities laws...could potentially kill something like staking."

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Video

Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security

Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin constitutes an unregistered security, according to a Monday press release. But the stablecoin issuer said it "categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws." CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we know so far and the larger implications for crypto regulation.

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Opinioni

Le stablecoin non sono una novità. Perché i regolatori stanno attaccando Paxos?

L'ex responsabile della gestione del portafoglio per BUSD presso Paxos sostiene che le stablecoin possono essere sicure quanto i prodotti finanziari regolamentati, come i fondi del mercato monetario.

(Brock Wegner/Unsplash)

Video

Paxos Says it Will 'Engage' With SEC and 'Vigorously Litigate' if Needed

TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.

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Mercati

Gli investitori si precipitano a Tether mentre BUSD di Paxos affronta il caldo normativo, mostrano i pool di liquidità di Curve

Gli investitori stanno abbandonando la stablecoin emessa da Paxos, nonostante la società abbia assicurato di essere pienamente supportata e che verrà liquidata in modo ordinato, ha affermato ONE osservatore.

Acción regulatoria contra BUSD provoca que los inversores se trasladen a tether. (Brian Merrill/Pixabay)

Mercati

I prelievi di Binance aumentano mentre il dramma Paxos-BUSD pesa sullo scambio

Binance ha sopportato circa 831 milioni di $ di deflussi netti nelle ultime 24 ore, come mostrano i dati Nansen. Il deflusso di lunedì è il più grande in un giorno da novembre.

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)

Politiche

Paxos è categoricamente in disaccordo con la SEC sul fatto che BUSD sia un titolo, afferma che intenterà causa se necessario

L'emittente della stablecoin ha confermato di aver ricevuto una notifica Wells dalla SEC, che indica che è imminente una possibile azione coercitiva.

Paxos CEO Charles Cascarilla (CoinDesk)

Video

Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

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Politiche

CEO della Fondazione Algorand : la repressione Cripto da parte della SEC evidenzia la mancanza di chiarezza normativa

Staci Warden ha dichiarato a CoinDesk TV che le aziende crypto-native vengono punite anziché ricevere indicazioni.

Staci Warden (CoinDesk TV screenshot)