UPDATE: According to Binance, the New York Department of Financial Services has ordered Paxos Trust, which creates and lists Binance’s dollar-pegged cryptocurrency, to halt producing new BUSD tokens. The big crypto exchange said that Paxos will continue to supervise product redemptions. Continuing its crackdown on the crypto industry, the Securities and Exchange Commission has informed … Continue reading SEC Vs. Paxos: Is Binance USD Stablecoin A Security?