⚠️ WSJ (Insider): The SEC claims that BUSD is an unregistered security. The regulator is suing PAXOS for "violating investor protection laws."
❗️The company has received a Wells notification.
The Wells notification is an official notification from the SEC informing the recipient that the agency plans to take enforcement measures against him.
- Last week, the New York Department of Financial Services [NYDFS] launched an investigation into Paxos.
#warning #inside #busd
❗️The company has received a Wells notification.
The Wells notification is an official notification from the SEC informing the recipient that the agency plans to take enforcement measures against him.
- Last week, the New York Department of Financial Services [NYDFS] launched an investigation into Paxos.
#warning #inside #busd
▪️In 24 hours burned in Paxos = 342,000,000 BUSD
▪️Dune: Outflow from the Binance exchange for 13.02
1. USDC: $1.2B
2. USDT: $641M
3. USDP: $62M
4. TUSD: $17.9M
Total: $2.8B
▪️Capitalization of stablecoins:
BUSD: -$342M
USDC: -$320M
USDP: -$30M
GUSD: -$2M
USDT: + $720M
▪️BUSD capitalization decreased by $8B (from 14.11)
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Binance ceases BUSD support amid regulatory pressures
In response to heightened regulatory scrutiny, #Binance announces the discontinuation of #BUSD support by December 15. Explore the impact on the crypto landscape as the exchange navigates challenges and users are encouraged to transition to alternative #stablecoin
More details here
In response to heightened regulatory scrutiny, #Binance announces the discontinuation of #BUSD support by December 15. Explore the impact on the crypto landscape as the exchange navigates challenges and users are encouraged to transition to alternative #stablecoin
More details here