Bitcoin News

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

SEC Withdraws Enforcement Action Against Paxos' BUSD Stablecoin


The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by […]

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