$TREE The recent post by @TreeNewsFeed about the $48.5 million settlement against Paxos Trust caught my attention. The New York regulator fined Paxos for AML and due diligence failures linked to its partnership with Binance, highlighting how seriously compliance is now taken in crypto—especially around stablecoins like BUSD. The NYDFS investigation uncovered $1.6 billion in illicit Binance transactions from 2017-2022, showing how lax oversight allowed bad actors to exploit the system. Paxos’s fine and the order to stop minting BUSD signal a new era of stricter enforcement, with other Binance-linked partnerships likely under pressure soon. While strong AML controls are needed, I wonder if growing regulations might stifle innovation or if this is just overdue catching up. This case reveals the tough balance between crypto growth and compliance.