Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Paxos is facing SEC scrutiny, too.
Remember when I told you Binance has a target on its back? It might not be in the US, but its partner on a stablecoin sure is. And if regulators can’t hit Binance, they can hit its partners.
Paxos not only has to stop issuing BUSD, its Binance-affiliated stablecoin, the SEC may take action against it: a Wells Notice suggests the agency thinks BUSD is an unregistered security.
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