Stablecoin issuer Paxos ordered to halt creation for Binance USD

Stablecoin issuer Paxos said Monday it would cease creating BUSD tokens, the stabelcoin associated with Binance, following an order from New York's state regulator.

• 2023-02-13
• Paxos BUSD Paxos Trust

Crypto Crisis: The Latest on Binance USD, Tether and Bitcoin Prices

Here's our latest coverage of the cryptocurrency industry, as it weathers the fallout from the collapse of FTX. + **Crypto firms’ in-house tokens**, such as the FTT coin that helped power FTX's rise, [are under more scrutiny](https://www.wsj.com/articles/crypto-firms-in-house-tokens-are-coming-under-more-scrutiny-8285e187). + The SEC plans to sue **Paxos Trust** [for violating investor-protection laws](https://www.wsj.com/articles/crypto-firm-paxos-to-stop-issuing-dollar-pegged-binance-token-94f

• 2023-02-13

Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token

The Securities and Exchange Commission has told crypto firm Paxos Trust that it plans to sue the company for violating investor protection laws.

• 2023-02-13
• enforcement action BUSD Paxos SEC