SEC Backs Down: No Enforcement Action Against Stablecoin Issuer Paxos
The U.S. Securities and Exchange Commission (SEC) has reversed course on its investigation into Paxos, the issuer of the popular Binance USD (BUSD) stablecoin. This…
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SEC action against Paxos over BUSD unsettles the cryptocurrency world
Members of the community were puzzled and stated that those who purchased the stablecoin did not anticipate its value to increase.United States authorities'…