Paxos Reiterates Commitment to Regulation, Ends Binance Relationship

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Paxos Trust Company shared the company CEO’s message with the Paxos team.
In the message, he talks about the company’s commitment to regulations.
He declared the company’s decision to halt further relations with Binance.

Charles Cascarilla, the CEO and co-founder of the regulated blockchain infrastructure platform, Paxos Trust Company reiterated the company’s commitment to regulation, resolving the ambiguities and anxieties among the community regarding the Securities and Exchange Commission’s (SEC) investigation on Paxos, reported a week before.

On February 21, Paxos Trust Company released a message that Cascarilla shared with the Paxos team, in which he stressed the company’s updated status on regulation and BUSD minting.

Notably, Cascarilla affirmed that Paxos would continue to “invest in setting the standard as a regulated blockchain infrastructure provider”, resolving the ambiguities and anxieties among the community. Cascarilla added that Paxos firmly believes that “thoughtful regulation” is necessary, stating: