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CZ issues response to SEC vs. Paxos lawsuit

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CZ issues response to SEC vs. Paxos lawsuit

CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.

Feb 13, 2023
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Happy Monday!

The global crypto market cap is $989.16 billion with a 24-hour volume of $58.3 billion. The price of Bitcoin is $21,526.84 and BTC market dominance is 41.9%. The price of Ethereum is $1,475.95 and ETH market dominance is 18.2%. The best performing cryptoasset sector is Yield Farming, which gained 5%.

Latest News

CZ issues response to SEC vs. Paxos lawsuit

CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.

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BUSD leaving exchanges fall to $40M from December’s $3B

Around $40 million BUSD left the exchanges on Feb. 13, while this number was over $3 billion on Dec. 13, 2022.

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Iris Energy expands self-mining capacity to 5.5 EH/s

Co-CEO of Iris Energy Daniel Roberts called it a "significant milestone."

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Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminent

Following Paxos move to halt minting BUSD, the Aave community has initiated a proposal to freeze its BUSD holding on Aave V2 Ethereum market.

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Dogecoin spikes 5% before retracing after Elon Musk’s latest tweet

Elon Musk responded to a photo of him sitting next to Rupert Murdoch during the Super Bowl on Feb 12.

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GameFi adoption down over 30% since October 2022 – Messari Reports

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Messari founder accuses SEC Chair Gensler of foul play

Ryan Selkis callled out Gary Gensler on Twitter, calling Gensler "a fraud" — especially over his links with the banking industry.

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Coinbase says its staking product does not pass the Howey Test

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MetaMask warns users against Namecheap phishing email

MetaMask has asked users to discard a phishing email sent from Namecheap asking for Know-Your-Customer (KYC) verification.

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The SEC may potentially sue Paxos over BinanceUSD – WSJ

The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.

1 min read →

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