Sablecoin issuer Paxos is reportedly discussing Binance financing with the U.S. Securities and Exchange Commission (Securities And Exchange Commission) after a notice from the financial regulator Wells. (BU.S.) The problem of stability.
According to the Associated Press on Feb. 21, PaxosCEO Cliff Kaskalubi indicated that the company is engaged in innovative discussions with SEC and is again communicating in private. Before the report was released, the stable currency issuer was facing a lawsuit from the SEC against BYD as an unregistered securities.
According to reports, Casca Ruby indicated that Parksos will consider defending its view that BYD Motors is not a securities under the lawsuit. On Feb. 13, the Financial Services Center of New York State-Paxos was approved in the state of the United States-ordered the company to stop issuing dollars. The company announced that it would stop production of stables from February 21.
A spokesman for SEC previously told Cointelegraph that it would not post about Paxos's "likely investigation and analysis of the existence", but that the regulator's actions were a new step in a series of login password enforcement actions. SEC announced that it had reached an agreement with Kraken on Feb. 9 that the company would be allowed to stop offering chip services or programs to U. S. users and pay $30 million.
NYDFS's analysis of the Paxos investigation is likely to come from a report from Circle, and Circle reportedly submitted a complaint to state regulators about Binance reserves. After the news that closely revolved around the dollar, Binance statistics showed a surge in asset exits, with outflows of about $2.7 billion between February 12 and February 13.
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Tue, 18 Apr 2023