#dollar

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?

One of America's largest hedge funds, Elliott Management, has made a multibillion-dollar investment in software giant Salesforce. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," said Elliott Managing Partner Jesse Cohn, who has previously served on the boards of such companies as Citrix, eBay Inc., and Twitter. Last year, Salesforce announced the launch of its NFT Cloud platform. In 2019, the developer marketed its own blockchain development tool.

In their search for bankrupt FTX clients' money, lawyers want to cross-examine SBF's mother and brother. It is already known that the businessman's parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF's brother bought a multi-million dollar property near United States Capital (probably with the FTX clients' money). Negotiations with the SBF's father are ongoing. Perhaps the court will be able to get the truth at least from the suspect's father.