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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). Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell weighs in. "The lesson showing people here is that over the last few years, the greatest mistake is to be an on shore regulated company in the crypto space," Campbell said.

Feb 15, 2023

Meme tokens dogecoin (DOGE) and Floki Inu (FLOKI), named after Elon Musk's shiba inu, are soaring after Twitter CEO tweeted a photo of his dog in the CEO chair. eToro Investment Analyst Callie Cox weighs in on this speculation, warning investors to "be careful."

Feb 15, 2023

Bitcoin climbed back above $22,500 as crypto traders reacted to the Consumer Price Index (CPI) rising 0.5 percent in January. eToro Investment Analyst Callie Cox discusses how the inflation data could impact risk assets and Federal Reserve's upcoming interest rate decisions. Plus, insights on DOGE soaring after Twitter CEO Elon Musk posted a meme involving his dog Floki.

Feb 15, 2023

FTX company insiders, including Sam Bankman-Fried, former Alameda CEO Caroline Ellison, Bankman-Fried's father Joseph Bankman, Gary Wang and Nishad Singh have been served subpoenas by bankruptcy administrators. This comes as FTX's new leadership is trying to claw back $400 million from a little-known hedge fund investment, according to a report from the New York Times. CoinDesk regulatory reporter Amitoj Singh weighs in on the latest FTX developments.

Feb 15, 2023

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the key takeaways from Tuesday's Senate Banking Committee hearing called "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets." 

Feb 15, 2023

CoinDesk data shows that the price of DOGE has risen over the past 24 hours after Twitter CEO Elon Musk posted a photo joking about his dog Floki as the new boss of Twitter. Musk replaced Parag Agrawal as CEO of Twitter when his acquisition deal for the social networking platform closed on Oct. 27. 

Feb 15, 2023

Kraken settled charges with the U.S. Securities and Exchange Commission for $30 million and ended its U.S. crypto staking program as a result. TuongVy Le, Bain Capital Crypto Partner and former Chief Counsel at the U.S. Securities and Exchange Commission (SEC)'s Office of Legislative and Intergovernmental Affairs, discusses her take on how the SEC might be approaching staking and what this means for crypto staking overall in the U.S.

Feb 14, 2023

The Moskowitz Law Firm Managing Partner Adam Moskowitz explains why his firm is turning its attention to celebrity promoters of bankrupt crypto exchange FTX, saying, "these are no brainer cases." CoinDesk reached out for comment to Sam Bankman-Fried, along with Latham & Watkins, the firm which represents FTX celebrity endorsers, including Tom Brady and Larry David, and did not hear back.

Feb 14, 2023

Bitcoin (BTC) is trading mostly sideways after falling briefly following the Consumer Price Index (CPI), showing a higher than expected annual inflation of 6.4% in January. MarketVector Indexes Digital Asset Product Strategist Martin Leinweber shares his analysis on the crypto markets.

Feb 14, 2023

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."

Feb 14, 2023