SEC Case Against Bankman-Fried Postponed Pending Criminal Trial
Charges can wait until the Department of Justice’s case against the FTX founder concludes, the securities regulator said Source
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SEC
SEC to target crypto firms operating as ‘qualified custodians’ — Report
The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms can offer their clients. According to a Feb. 14 report from Bloomberg citing “people familiar with the matter,” the securities regulator is working on a draft
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CFTC and SEC cases against SBF deferred until after criminal trial
A New York judge has granted a request from prosecutors to defer civil proceedings from the Commodities Futures Trading Commision (CFTC) and the Securities Exchange Commision (SEC) until after Sam Bankman-Fried’s criminal trial in October.U.S. District Judge of Manhattan Kevin Castel on Feb. 13 granted the motions to stay the
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Paxos ‘categorically disagrees’ with the SEC that BUSD is a security
Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security. In the Feb. 13 statement, the BUSD issuer confirmed recent reports that it had received a Wells notice from the United States Securities and
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How the SEC Could Reshape Ethereum’s Staking Landscape for the Better
“I think this is good for decentralization,” said Ben Edgington, a product manager at Ethereum research and development firm ConsenSys. On a proof-of-stake network like Ethereum, one’s stake equates to their power over the network; if one party accounts for enough of Ethereum’s stake (around 50-60%), they can theoretically slow
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Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
Paxos also noted in its press release that the Wells Notice specifically had to with BUSD and not any other part of its business. “This SEC Wells notice pertains only to BUSD. To be clear, there are unequivocally no other allegations against Paxos,” Paxos wrote. Original Source
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Paxos ordered to Halt U.S. Dollar-Pegged Binance Stablecoin BUSDT- Has the SEC War on Crypto Begun? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin is currently testing $21,500, a key support level, whilst US regulators hone in on crypto
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Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure
Members of the Aave community are examining whether to freeze BUSD on the platform and the stablecoin's issuer, Paxos, was sued by the SEC today. Original Source
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Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD – Bitcoin News
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD
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SEC lawsuit against Paxos over BUSD baffles crypto community
Paxos Trust Company-issued stablecoin Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.On Feb. 13, the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos, alleging that BUSD is unregistered security. On the same day, the New
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