May 9, 2025

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

1 min read

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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Source: Bitcoin.com

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