CZ Responded to Claim of “SEC Sues Paxos for Listing BUSD”!

According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC), Binance USD (BUSD) for listing the coin to Paxos plans to sue and claims it is an unregistered security.

SEC Prepares to Sue Paxos for Listing Binance USD Stablecoin

Citing unnamed sources, the WSJ reported that the SEC sent a letter to Paxos, a blockchain and trust firm, informing it of a “possible enforcement action.” The lawsuit in question will reportedly be filed for “violating investor protection laws.”

The move comes as US regulators ramp up their efforts to regulate crypto companies following the publicized collapse of the FTX exchange.

Another stock market Krakenrecently settled with the SEC after being accused of a “staking-as-a-service program.”

Binance USD, or BUSD, is a stablecoin pegged to the dollar. According to the Wall Street Journal, Binance and Paxos launched it in 2019.

Statement from CZ

Binance CEO CZ shared “4” on Twitter after this news was published. So, CZ said, these stories were made to spread FUD.

4 https://t.co/6f27u0mqp1

— CZ 🔶 Binance (@cz_binance) February 13, 2023

Binance CEO CZ previously made the following statement regarding the “4” share:

He said that if I share “4” on Twitter after that, you can understand that false FUD news is trying to spread to the market.

*Not investment advice.