While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.
New York Department of Financial Services, BUSD, Paxos Dollar, USDP, United States, Office of the Comptroller of the Currency, BitLicense, Coinbase, Terra, LUNA, USTCRead More
You might also be interested in reading Rating agencies in public brawl over scores for private credit.