warning of the risks associated with crypto earlier in February. And the New York Department of Financial Services announced it had ordered Paxos, the issuer of the world’s third-largest stablecoin, Binance USD, to stop minting new units of the crypto token.
“Overall, the interest of investors looking to finance development in the space is certainly waning,” Smith, at the Blockchain Association, says. “Developers have to be thinking twice about starting something here in the United States.” “The SEC did not contact us or do anything that forced us to close this offering or impacted our interest in moving it forward,” Stein says.
More layoffs you can be proud of GaryGenslerResign
Is this supposed to be good news, it's a damn step back in the wrong direction, the SEC was complicit in 2005 to 2008 mortgage bubble, and why are they so out for blood, they praised madoff and he did alot more damage than ftx..