Paxos

Policy

Algorand Foundation CEO: SEC’s Crypto Crackdown Highlights Lack of Regulatory Clarity

Staci Warden told CoinDesk TV crypto-native firms are being punished rather than given guidance.

By Fran VelasquezPeb 13, 2023

Policy

Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg

The report comes amid mounting regulatory concerns for Paxos.

By Cheyenne LigonPeb 13, 2023

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Podcasts

Crypto Update | SEC Sues Paxos, Binance’s BUSD Depegs

By Adrian Blust, Adam B. LevinePeb 13, 2023

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Mga video

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

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). CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.

Peb 13, 2023

Policy

Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.

By Jesse HamiltonPeb 13, 2023

Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)

Mga video

Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD

Bitcoin slipped below $22,000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS). This comes after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Tastycrypto Head of Digital Assets Ryan Grace discusses how this will impact the market sentiment.

Peb 13, 2023