sec Archives

SEC Ends Paxos Crypto Investigation

By Oleg Giberstein | July 15, 2024January 24, 2025 by Oleg Giberstein

On July 9, Paxos, a leading regulated blockchain infrastructure platform, received a “formal termination notice” from the U.S. Securities and Exchange Commission (SEC). This notice confirmed that the SEC would not recommend enforcement action against Paxos in its investigation of the BUSD token. The conclusion of this investigation marks a significant milestone for Paxos and the broader crypto market. Background on Paxos Founded in 2012, Paxos has become a leading regulated blockchain and tokenization…

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SEC’s Priorities Go Haywire: Registering the “Unicoin” Scam While Suing Uniswap

By Oleg Giberstein | May 14, 2024January 24, 2025 by Oleg Giberstein

The Securities Exchange Commission (SEC) has made headlines with its puzzling regulatory priorities, registering the alleged scam “Unicoin” while actively suing Uniswap, a leading decentralized exchange. This raises serious questions about the SEC’s approach to protecting investors in the crypto space. A History Lesson: Learning from Madoff In 2009, Bernie Madoff received a 150-year sentence for orchestrating a $64 billion Ponzi scheme. As one of the largest financial frauds in history, Madoff’s scam thrived…