According to Nansen’s data journalist Martin Lee, the amount of usd coin (USDC) held on Binance has been steadily climbing this week. “Interesting to see the amount of USDC on Binance increase so much since the BUSD news,” Lee tweeted on Tuesday. Lee further detailed that Binance saw a $1.5 billion increase in USDC in the last seven days.

Paxos CEO Charles Cascarilla seems to be actively engaged with the U.S. Securities and Exchange Commission (SEC) over the recent order to stop issuing the stablecoin. The company had then said it categorically disagrees with the SEC’s views BUSD was not a security under the Federal securities law. Sticking to the same argument, Cascarilla said in an internal communication that the company would defend its position in courts that BUSD is not a security through litigation.

Cascarilla said the decision is because "the Binance relationship no longer aligns with our current strategic priorities" in the evolving market.

According to Reuters on Tuesday (Feb. 21, 2022), Charles Cascarilla, CEO of Paxos, sent an email to the firm’s employees on Feb. 18, informing them that the company is holding “constructive discussions” with the SEC. Earlier in February, Paxos received a Wells notice from the American regulator alleging that the firm was selling unregistered securities, indicating that the Binance-branded BUSD was a security. Cascarilla further said Paxos was looking to continue its discussions with the Securities and Exchange Commission privately, adding that the firm was ready to defend its stance that BUSD was not a security if it was necessary.

The greatest threat that regulation poses to cryptocurrencies is not the collapse of another cryptocurrency exchange or the theft of many millions of dollars. At the very least, that is what Patrick Hillmann, the chief strategy officer at the largest crypto exchange in the world, Binance, said on Tuesday. Hillmann stated that U.S. cryptocurrency laws are becoming increasingly stringent and shortsighted, which might cause some serious crypto market turbulence or possibly suffocate the growing industry if it persists.

Bill Qian, the former head of venture capital investments and acquisitions at Binance Holdings Ltd., says he aims to raise over $100 million through a new crypto venture capital fund.

Stablecoin issuer Paxos told employees it's in "constructive discussions" with the U.S. Securities and Exchange Commission (SEC) after getting a Wells notice about the Binance USD stablecoin coin.

Crypto exchange Binance has launched a new update to its fan token platform that focuses on helping sports teams engage with their fans by offering various rewards to token holders. 

Binance is running two developments simultaneously, one as support for the Vite Network upgrade and another as the host of crypto events in critical regions like Australia.

Striving to lead by example, Binance has articulated an actionable framework for centralized cryptocurrency exchanges designed to facilitate building public trust in the crypto ecosystem.