BY PATRICIA KOWSMANN | UPDATED FEB 13, 2023 06:45 AM EST Company to continue to manage redemptions of dollar-pegged BUSD token New York regulators directed a crypto company to stop issuing one of the largest dollar-pegged cryptocurrencies, as a government clampdown on the sector widens. The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists …
The US Securities and Exchange Commission has informed crypto exchange Paxos about its plans to sue the platform for allegedly being involved in violations of investor protection laws. An enforcement staff at the SEC issued a Wells notice to the firm according to people familiar with the matter, reported The Wall Street Journal. In recent times, the SEC has been …
