BlocksInform
Has shut down all of its U.S. staking programs.
Another spokesperson told Coinesk that the commission is not commenting on the existence or lack of a possible inquiry.
The SEC is alleging that BUSD is an unregistered security, according to the report. The news comes days after CoinDesk reported Paxos is under investigation by the New York Department of Financial Services, though the scope of NYDFS' investigation is unclear.
Busd is a stablecoin of BINANCE mark emitted from paxos, a New York trust company that also benefits from a temporary charter from the currency controller's office, a Federal Banking Regulatory Authority.
Paxo spokesmen, sec and binance did not immediately return feedback requests.
Sunday's news comes right after the SEC settled charges with crypto exchange Kraken, when the regulator alleged its staking services were an offering of unregistered securities. Kraken did not admit or deny the charges under the terms of the settlement, but did shut down all of its U.S. staking programs.
