SEC


Markets

Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry

Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.

(Antonio Masiello/Getty Images)

Videos

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.

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Videos

Algorand Foundation CEO on Kraken's SEC Settlement and the Lack of Regulatory Clarity

Algorand Foundation CEO Staci Warden weighs in on the staking debate after crypto exchange Kraken halted its U.S. crypto staking service in a settlement with the U.S. Securities and Exchange Commission (SEC). Plus, She explains how the lack of regulatory clarity led to this development, saying, "they're being punished as opposed to given guidance."

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Videos

How SEC's Enforcement Action on Kraken Impacts the Wider Crypto Industry

Crypto exchange Kraken is ending its crypto staking service for U.S. clients and is paying a $30 million fine in a settlement with the U.S. Securities and Exchange Commission (SEC). Launchnodes Co-founder and CEO Jaydeep Korde discusses why he believes this is a "positive" development for the industry and his business.

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Videos

Algorand Foundation CEO on Crypto-Staking After Kraken’s SEC Settlement

Coinbase CEO Brian Armstrong says he's heard rumors the U.S. Securities and Exchange Commission would like to ban retail investors from engaging in cryptocurrency staking. Algorand Foundation CEO Staci Warden discusses what this could mean for crypto stakers, as Kraken shut its staking services as a part of its SEC settlement. Plus, the latest on Algorand Foundation's partnerships in India for Web3 growth.

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Videos

Launchnodes CEO on Kraken Shutting Down Its US Staking Program

Crypto exchange Kraken is ending its crypto staking services for U.S. clients and paying a $30 million fine in a settlement with the U.S. Securities and Exchange Commission (SEC). Jaydeep Korde, founder and CEO of non-custodial Ethereum staking services provider Launchnodes, discusses what this means for his business operations and the crypto industry at large.

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Videos

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.

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Finance

Binance Says BUSD ‘Funds Are Safu’ but a Regulatory Cloud Is Forming Over the US

February has been a great month for the narrative that crypto’s natural home is in Asia.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Policy

Crypto Lender Nexo to Stop EIP for US Clients on April 1

Last month Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of its Earned Interest Product.

Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

Policy

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ

Paxos also faces a probe from the New York Department of Financial Services.

Paxos CEO Charles Cascarilla at Invest 2018 (CoinDesk)