Crypto Morning Briefing: SEC To Sue Paxos,Hong Kong Hires Banks for Inaugural Tokenized
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday.
Genesis Global’s Top 50 Creditors Are Owed Over $3.6 Billion
A number of Genesis Global’s creditors’ names have been redacted, with the amounts owed ranging from $20 million to $462.2 million.
Genesis Parent Company DCG Denied Involvement in Genesis’ Bankruptcy Filing
According to DCG, a special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
