Crypto Regulation is Evolving in Front of Our Eyes
New York state regulators have ordered crypto firm Paxos to halt the minting of new BUSD tokens.
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Show Notes
Crypto firm Paxos is under fire as the New York State Department of Financial Services orders the firm to stop minting new Binance USD (BUSD) stablecoins. The regulator posted a statement saying this was the result “of several unresolved issues related to Paxos’ oversight of its relationship with Binance in regard to Paxos-issued BUSD.” Ash Bennington is joined by Marshall Hayner, CEO and founder of Metallicus, to discuss how this will impact the broader industry.
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