The New York regulator's actions come shortlyafter the United States Securities and Exchange Commission— a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that Binance USD is an unregistered security.
The NYDFS has reportedly asked Paxos to stop creating more of its BUSD token. Paxos will continue to manage redemptions of the product, according to a Binance statement.
✍️✍️
binance just need to find new company outside US 💁♂️
The New York regulator’s actions come shortly after the SEC issued a wells notice to Paxos — a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that BUSD is an unregistered security.
F regulators
Binance and usdt are going down !!!!!
Why now ?
Can’t wait to question “what happens to USD now?” when Fed announces that they’re gonna mint more USD out of thin air. 😂🤷♂️
It will be interesting to see how this unfolds and what the future holds for BUSD.
It's unclear right now, but we should stay tuned for more updates on the BUSD situation. What do you think will happen?
Sell BUSD. Use USDT for safe.
Selling pressure on $BUSD 💥
Damnn
We are all slaves