SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
Submitted by Anonymous (not verified) on Thu, 07/11/2024 - 18:10
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 […]