A US regulator has sued blockchain platform Terraform Labs and its founder Do Kwon, alleging they raised billions of dollars from investors by selling securities to them under the guise of cryptocurrencies. The US Securities and Exchange Commission (SEC) has accused Terraform Labs and its founder Do Kwon of running a multi-billion dollar fraud scheme....
The New York State Department of Financial Services (NYDFS) has ordered Paxos Trust to stop issuing new Binance USD (BUSD) tokens, The Wall Street Journal (WSJ) reports, citing Binance. At the same time, Paxos will continue to manage the redemption of the BUSD token. BUSD is a Binance-branded stablecoin pegged to the US dollar. Paxos...
Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response...
Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether ETH won’t be classified as a security in the United States. Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23. Asked if ETH could be classed as a security in...
