July 21, 2024

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SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

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SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
SEC Withdraws Enforcement Action Against Paxos’ BUSD StablecoinThe 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 […]