SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report

The U.S. Securities and Exchange Commission (SEC) is abandoning its probe into the stablecoin-issuer Paxos, according to multiple reports. Per Fortune, the SEC’s decision to no longer pursue Paxos over its BUSD stablecoin signals a win for the crypto industry, indicating that the regulator is no longer considering stablecoins as securities. According to an announcement … Continue reading SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report