2.7 C
New York
Tuesday, March 24, 2026
spot_img

Tag: Paxos Trust

Paxos Prevails in SEC Investigation of BUSD Stablecoin: No Enforcement Action to be Taken

Crypto Compliance Charlene Lensburg -
Paxos, a US-based regulated blockchain and tokenization infrastructure platform, has announced that it received a formal termination notice from the U.S. Securities and Exchange Commission (SEC) on July 9, 2024. This notice indicates that the SEC will not recommend enforcement action against Paxos Trust Company regarding the investigation of the Binance USD (BUSD) stablecoin.

U.S. Regulators Requires To Stop The Minting And Issuance Of Stablecoin BUSD!

Crypto Ben -
The U.S. Securities and Exchange Commission (SEC) has informed New York-based crypto firm Paxos Trust Co. that it plans to sue the company for violating investor protection laws. The notice alleges that Binance stablecoin BUSD issued by Paxos would be an unregistered security. Paxos should have registered the offering of BUSD under the federal securities laws, the notice said. The New York Department of Financial Services (NY DFS) ordered Paxos to stop minting BUSD.

Crypto adoption – PayPal receives BitLicense and starts to accept crypto as a means of payment

NYDFS Mark Lagarde -
This may be a pivotal step for crypto mainstream adoption. Following FinTechs like Revolut, FinTech giant PayPal will embrace crypto. PayPal announced that it will allow customers to hold bitcoin and other virtual coins in their online wallets and use it to shop and pay at the 26 million merchants on its network. The new service will be operated on the regulatory grounds of a NY Bitlicense in a partnership with Paxos Trust Company.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC