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Binance’s Stablecoin Company Paxos in Discussions With US SEC

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The firm behind Binance’s stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with the SEC, and we look … Read more

Kraken Crackdown: Crypto Firm Agrees to Shut Unregistered Staking Program

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Crypto exchange Kraken agreed to shut down its cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings. The settlement marks the SEC’s first … Read more