La SEC fa causa a Paxos per Binance USD: dettagli

• La SEC ha emesso un avviso Wells a Paxos, una società di pagamenti blockchain, su Binance USD (BUSD).
• L'agenzia ritiene che BUSD, uno stablecoin di proprietà ed emesso da Paxos, sia un titolo non registrato. 
• Un avviso Wells è una lettera che la SEC utilizza per informare le aziende dell'azione di esecuzione pianificata.
• La società di pagamenti blockchain ha 30 giorni per rispondere all'avviso in una nota legale.

---

Rumors seeped into the crypto space that US authorities were planning to dry up the banking access of firms like Paxos, a New York-based financial company specializing in blockchain payments. While such rumors were denied, a report has cleared up the fact that the payments firm has been sued by the United States Securities and Exchange Commission (SEC) over the stablecoin of the world’s largest crypto exchange, Binance USD (BUSD). 

Secondo un recente rapporto from the Wall Street Journal (WSJ), people familiar with the matter have confirmed that the SEC issued a Wells Notice to Paxos. It is crucial to note that a “Wells Notice” is a letter the US securities regulator uses to inform companies of planned enforcement action. The report also confirms that the letter alleges that Binance US is an unregistered security. 

An important aspect of a Wells notice is that the receiver is given a period of close to 30 days to submit a brief and respond to the accusations mentioned in the notice. This legal brief is known as a “Wells Submission” and includes arguments to prove why the charges should not be brought against prospective defendants.

On the other hand, a spokesperson from the SEC told CoinTelegraph that the agency “does not comment on the existence or nonexistence of a possible investigation.” A spokesperson from leading exchange Binance commented on the accusations of the regulator, adding that the Binance USD is a “Paxos issued and owned product,” with Binance licensing its brand to the firm for use with BUSD. 

Il portavoce ha anche aggiunto che Paxos è regolamentato dal Dipartimento dei servizi finanziari di New York (NYDFS) e che BUSD è supportato dal dollaro USA in un rapporto 1:1. 

“Stablecoins are a critical safety net for investors seeking refuge from volatile markets and limiting their access would directly harm millions of people across the globe,” the spokesperson added. “We will continue to monitor the situation. Our global users have a wide array of stablecoins available to them.”

È interessante notare che Binance USD (BUSD) è la terza più grande stablecoin per capitalizzazione di mercato, con un valore di $16,14 miliardi. È emesso e di proprietà di Paxos da quando le società di pagamento hanno collaborato con Binance nel 2019. Inoltre, la società con sede a New York è anche proprietaria ed emittente della stablecoin Paxos Dollar (USDP), che ha debuttato nello spazio crittografico nel 2018.

Additionally, FOX Business journalist, Eleanor Terrett, tweeted on Feb. 12 that this move was a “unilateral effort” between the SEC and other regulators to “blitz crypto.” Rumors circulated in the market that the Fed and OCC are in the midst of a massive crypto de-banking operation, Paxos and others were told by the OCC to either withdraw their banking charter applications or they would be denied by Friday last week. These rumors were denied by the payments company, but Terrett pointed out that more Wells Notices can be expected in the coming days.

Come riportato in precedenza da Bitnation, anche la SEC ha chiuso il caso con l'exchange di criptovalute Kraken, che dovrà farlo pagare $30 milioni di sboccatura, prejudgment interest, and civil penalties. The regulator claimed that Kraken’s staking services were unregistered securities. 

Ultime notizie