#community

The SEC accuses Paxos Trust, the Pax Dollar, and BUSD stablecoins issuer, of illegal trading securities. You sound like a broken record, Mr. Gensler! The Commission seems to have a hard time in court: Paxos has been authorized by the New York Department of Financial Services (NYDFS); it operates under its supervision, and its stablecoins are actively used by institutional investors in the United States. The crypto community will see an epic battle between SEC prosecutors and NYDFS lawyers! We’re wondering who has more powerful attorneys: Paxos or Ripple?

Tulip Trading's lawsuit against 16 BTC developers will be heard in a London court, according to the UK Court of Appeal. If that isn not enough, consider that the plaintiff is Craig Wright, a computer scientist who claims to be Satoshi Nakamoto. And the Bitcoin community constantly criticizes him for this. A Norwegian court ruled in October of last year that Wright had lied in an effort to support his claims of authorship of BTC.

This time the SEC hits the crypto exchange Kraken over a possible violation of the Securities Act. Incoming CEO Dave Ripley has refused to delist tokens determined as securities under the Howey test and is now having troubles with the SEC. This case may be settled in the coming days and will make a decisive difference for the entire crypto community. It is also rumored that the SEC intends to ban retail staking. Genesis and Gemini keep their fingers crossed, as they have already stepped into Kraken's shoes once before.

The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1. Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%. Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either.

To allegedly receive free SHIBs, users were asked to follow a phishing link. After that, scammers connected to the victim's crypto wallet and withdrew all funds. Suspicions arose in the r/CryptoCurrency subreddit. Community members began spreading information about phishing so that others won't become scam victims. They called it the biggest scam ever to hit Reddit. If you have already clicked on such a link, urgently move your coins and tokens to another wallet. And remember, if a deal looks too good to be true, you're probably in the thick of it.