SEC Drops Case Against Paxos, Declares BUSD Not a Security

Title: BUSD is Not a Security, U.S. SEC Drops Paxos Case In a significant development for the cryptocurrency world, the U.S. Securities and Exchange Commission (SEC) has decided to drop its case against Paxos regarding its native stablecoin, BUSD. The SEC had initially raised concerns that BUSD might be considered a security, prompting an investigation

Source: CoinOtag