CZ issues response to SEC vs. Paxos lawsuit
CZ issues response to SEC vs. Paxos lawsuitCZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
Happy Monday!The global crypto market cap is $989.16 billion with a 24-hour volume of $58.3 billion. The price of Bitcoin is $21,526.84 and BTC market dominance is 41.9%. The price of Ethereum is $1,475.95 and ETH market dominance is 18.2%. The best performing cryptoasset sector is Yield Farming, which gained 5%.
Latest NewsCZ issues response to SEC vs. Paxos lawsuit
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD. BUSD leaving exchanges fall to $40M from December’s $3BAround $40 million BUSD left the exchanges on Feb. 13, while this number was over $3 billion on Dec. 13, 2022. Iris Energy expands self-mining capacity to 5.5 EH/sCo-CEO of Iris Energy Daniel Roberts called it a "significant milestone." Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminentFollowing Paxos move to halt minting BUSD, the Aave community has initiated a proposal to freeze its BUSD holding on Aave V2 Ethereum market. Dogecoin spikes 5% before retracing after Elon Musk’s latest tweetElon Musk responded to a photo of him sitting next to Rupert Murdoch during the Super Bowl on Feb 12. GameFi adoption down over 30% since October 2022 – Messari ReportsGameFi users peaked to 2.25 million active monthly, but has slumped to under 1.75 million users, according to a Messari report. Messari founder accuses SEC Chair Gensler of foul playRyan Selkis callled out Gary Gensler on Twitter, calling Gensler "a fraud" — especially over his links with the banking industry. Coinbase says its staking product does not pass the Howey TestCoinbase CEO Brian Armstrong is confident that staking fails all four criteria of the Howey Test and is ready to battle it out in court if necessary. SEC crackdown could ‘benefit’ decentralized staking if it isn’t banned – Lido execLido Finance's Jacob Blish said if the SEC bans U.S. citizens from interacting with any staking protocols, it could hurt both investors and contributors. MetaMask warns users against Namecheap phishing emailMetaMask has asked users to discard a phishing email sent from Namecheap asking for Know-Your-Customer (KYC) verification. The SEC may potentially sue Paxos over BinanceUSD – WSJThe SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
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