I have now read this article, a number of other articles, and--importantly--the NYDFS statement on the matter. Every single reference stresses that regulators a

I have now read this article, a number of other articles, and--importantly--the NYDFS statement on the matter. Every single reference stresses that regulators agree that PBUSD is separate from BUSD and is not issued by Paxos before noting that it is explicitly not regulated. I thereby do not see any evidence for this theory that the regulators are going after Paxos and forcing them to stop issuing BUSD due to Binance issuing difficult-to-track PBUSD. Further, I will argue that the premise of such an argument is flawed: Binance is itself purposefully not regulated in the United States, and so there are assuredly actors using it to trade whom United States regulators want to blacklist; the result is that merely having BUSD traded on Binance--even without the ability to withdraw it to other chains as PBUSD--already has this "risk" you are speaking about.