SEC ends probe into Paxos, no actions on BUSD stablecoin
Summary
The SEC has ended its investigation into stablecoin issuer Paxos regarding the Binance USD (BUSD) stablecoin. This comes after over a year of scrutiny and a federal judge's ruling that BUSD sales did not violate securities law. Paxos maintains that its stablecoins are not securities and predicts a new wave of stablecoin adoption by major global enterprises. The company holds licenses from various financial regulators and has issued several regulated digital assets.
